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Re: stervc post# 96031

Sunday, 04/07/2024 1:32:44 PM

Sunday, April 07, 2024 1:32:44 PM

Post# of 96669
Congratulations Stervc on you 24,000th post of iHub. That’s a lot of post. Even more impressive is that one could make the conclusion that 99.99% of your 24,000 posts are all bullshit.

First, I don't know where any cash from any filing here with MONI went, but I have an idea. I'll tell you what I think of which I'm surprised you and others within this forum don't understand this. What MONI did was simply provide an extra layer of transparency. Those transactions that you are referring to were nothing more than private transactions from one shareholder to another shareholder. It's pretty obvious to me as this is not the first time that I have seen something like this done. I think it is important to first understand that MONI's Transfer Agent, (Olde Monmouth Stock Transfer Co., Inc.) has filed and remained current with the T-1 and T-2 filing requirements with the SEC to be registered with the SEC:
https://www.sec.gov/edgar/browse/?CIK=0000882734

The Transfer Agent is not going to allow MONI to transact anything that is considered illegal or wrongdoing to jeopardize their existence for continuing on as a "legitimate" Transfer Agent. They have many independent clients and not just MONI. They will not allow any one company to jeopardize their existence by allowing something illegal to transpire. They are in business to act as a third party to make sure the bookkeeping for many companies are legally in order. They are very wise and experienced at this for quite a few years.

Also, OTC Markets would not have allowed them to remain current if there was anything wrong with how they logged such under their Disclosure Statement within their Annual Financials. They too have a scrutinization process that is much more stringent than the days of old or more stringent than what some of you here within the forum seems be claiming to know.

Here's a better way to explain this for you for how things happened in my opinion. Maria, imagine if you had "restricted" shares assigned to you by the company sitting in reserve in book entry at the Transfer Agent. Now imagine if you sold those shares in a private transaction to one of your personal friends. They would be issued by the Issuer (MONI representing you), but the Issuer would not receive the money because it was a private transaction. The person selling the shares (you Maria in this example) would get the money, not the Issuer. Because of the Transfer Agent getting involved, the company can be "extra" transparent and reflect such as like what MONI had done. Since it was not a transaction by the company and since the company did not receive any money from such transaction, you won't see it reflected to show up in their Income Statement or Balance Sheet of their financials. Those parts of the financials show those financial transactions directly transacted by the company. The negative chatter that was going on about this topic within the forum to spook shareholders as if something wrong or illegal was done was 100% redundant and very wrong.

v/r
Sterling


Congratulations to the Eloquent One,

v/r
IUD