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Re: A deleted message

Tuesday, 02/28/2023 4:01:51 PM

Tuesday, February 28, 2023 4:01:51 PM

Post# of 69177

-Where is the receipt for the shares he bought? When I get audited I have all my receipts for everything I bought. Seems like a pretty basic thing to ask and provide.



I personally don't think it matters. It's a talking point, a misdirection, a hook that sounds persuasive but is meaningless.

He has the physical share certificates. That is legal proof of ownership.

What is a Stock Certificate?
A stock certificate is a legal document that verifies an investor’s ownership of common stock shares, a type of security.


https://www.contractscounsel.com/t/us/stock-certificate

Further, the SEC itself says to prove ownership of securities, you can contact the transfer agent. George Sharp himself stated that the transfer agent records showed that Calasse owned all of the shares. So according to the SEC, he can prove ownership simply based on this information.

https://www.investor.gov/introduction-investing/investing-basics/glossary/proving-securities-ownership


But since you mentioned keeping receipts for audits and whatnot, I'll point out that tax information for audits need to be kept for a maximum of 7 years. Meanwhile, he purchased the shares over 10 years ago now.

KEEP 3 TO 7 YEARS
Supporting tax documentation
Depending on your filing circumstances, the IRS may be able to ask you for supporting documentation for three to seven years after you file a return. Knowing that, a good rule of thumb is to save any document that verifies information on your tax return—including Forms W-2 and 1099, bank and brokerage statements, tuition payments and charitable donation receipts—for three to seven years.


https://bettermoneyhabits.bankofamerica.com/en/privacy-security/how-long-to-keep-documents-before-shredding


-Why did he disappear for a decade without a word said?



Well the declarations state that he hired a lawyer and spoke with a US governmental agency, which he believed was the SEC, so there was a word said.


If someone can't tell that a shell is a shell, can you trust anything else that they say?