JNS Holding Corp (JNSH)

[taraniterror]

Has anyone read "HotStockMarket" Board at all ? Man, they are just bashing the heck out of UDHC . They claim to hold the float also but have been selling since the PR. They say that Nasdaq set the date for the divy payment (even though is was wrong) it is still binding ! I got to stop reading these boards - it's making me 'El Loco'.

Anyways - Been trying to figure out how the company will get back these shares if this is true . Could someone call Clayton tomorrow and ask him if the Nasdaq date is binding ??

Here's some irrelevant news on shareholder responsibilty on illegal divys' -

In the recent case It’s a Wrap (UK) Ltd (In Liquidation) v Gula & Anor [2006] EWCA Civ 544 the Court of Appeal clarified the circumstances in which a shareholder is liable to repay unlawful dividends under section 277(1) of the Act. Reversing the decision at first instance, the court held that a shareholder could not escape liability to repay a dividend on the grounds that he did not know that the dividend was paid in contravention of the Act. Knowledge of the law is not required, and it is sufficient for a shareholder to have knowledge of facts which mean that the dividend contravened the requirements of the Act.


Terror '63