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Re: None

Tuesday, 03/27/2007 11:26:40 AM

Tuesday, March 27, 2007 11:26:40 AM

Post# of 86719
Well the real thing you should be concerned about is Form 4's are only required for 10% inside ownership. Let's find out when he bought the other 8 million shares.

About Form 4 Filing: Every director, officer or owner of more than ten percent of a class of equity securities registered under Section 12 of the '34 Act must file with the U.S. Securities and Exchange Commission (SEC) a statement of ownership regarding such security. The initial filing is on Form 3 and changes are reported on Form 4. The Annual Statement of beneficial ownership of securities is on Form 5. The forms contain information on the reporting person's relationship to the company and on purchases and sales of such equity securities.

Obviously he doesn't own them or the total after the purchase would reflect that. So why even file if you're not required to?




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