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Re: catmaniac post# 759

Monday, 05/05/2008 11:48:46 AM

Monday, May 05, 2008 11:48:46 AM

Post# of 2726
Many of these holding companies who sell these shells advertise the kind of money they can rake in within the first year alone...........if they put it together just right, and have a shyster pinksheet attorney who can fill them in on all the various loopholes, with the use of a 504, 505, and 506, they can pull in a cool $18 million. Kickbacks and dilution, and big discounts to the market price, they can shuffle these shares around, and the money, that even restricted shares are questionably being sold thru dilution, and then there's the unregistered shares?........yes the unregistered shares that many sell without even filing a 504. These loopholes can be shut tighter than a closed wallnut if the SEC was hoping to eliminate these open doors, that even the terrorist could raise money for their causes using middlemen to front the companies. Its not to far a stretch when we think about it. The mob has been involved in this stuff for years using boiler rooms, and now we have the Russians, and even the Chinese giving a crack at it.


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