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Re: Helter Skelter post# 19232

Wednesday, 05/06/2020 11:35:54 AM

Wednesday, May 06, 2020 11:35:54 AM

Post# of 37067
There ARE, essentially, ONLY TWO ways a company can sell their shares (and/or convertible notes/instruments)...either by registering the shares or claiming and utilizing an exemption to registration.

TLSS/Campo hasn't/haven't done either since Campo started converting the older toxic convertible debt that was disclosed, lastly, on December 9, 2019 in the TLSS 10Q. Must file a FORM D and an 8K disclosing the sale of unregistered equity securities (Item 3.02 of an 8K, see below).

Once the transaction takes place and the purchase is paid-in-full, the notes start their 6 month (180 days) countdown on removing the restrictive legend. One cannot sell the unregistered shares for a period of 6 months (fully SEC reporting company) or a year (non-reporting company) from the paid-in-full purchase date.



Link > https://www.sec.gov/fast-answers/answers-regdhtm.html

Section 3, Item 3.02, Unregistered Sales of Equity Securities.

He has 4 business days to file the 8K.

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