Tuesday, January 08, 2008 8:10:42 PM
504 offerings were used in the past (pre-1990) by shady investment bankers fraudulently, but it wasn't as big a problem as you guys are making it out to be. Now the game is a bit different with SOX and PSRA. Over the holidays I consulted a securities lawyer about the WRII situation. I was told that the only real issue here is: Did Susnar keep the deal quiet before going public? As far as I can remember, he did. I've been in this stock since August, and at the time, no one knew about Minxx going into the WRII "shell." I was also told that WRII is in the position (because of their past filings) to choose whether it ever re-registers with the SEC or not. Also, they could've chosen to never disclose any information to the public since the merger, BUT Susnar has given us a disclosure statement since the merger...
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http://investorshub.advfn.com/boards/board.aspx?board_id=12773
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