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Re: ORCA post# 16436

Tuesday, 07/22/2008 12:19:19 AM

Tuesday, July 22, 2008 12:19:19 AM

Post# of 221987
Thanks TAKI....

I guess it depends on who has the most accurate information. Personally I don't believe most of what a brokerage firm tells me based on many years of past experience, especially with all of the corruption that is surfacing in the markets today, but that's OK.

Here are two excerpts from the PR today, they are quite clear and do not discern between insiders, plant workers, or owners.

Any stockholder holding in excess of 5% of the Company's outstanding stock, that being in the amount of 1,664,768,891 shares of the Company's Common Stock, is required to file a Form 15(g) with the SEC within ten days from their purchases.

Any stockholder holding in excess of 10% of the Company's outstanding stock, that being in the amount of 3,329,537,782 shares of the Company's Common Stock, is required to file a Form 15(d) with the SEC within ten days from their purchases.

http://biz.yahoo.com/iw/080721/0417703.html

I have not been able to find any document on the SEC or any other legal website that differentiates "normal" shareholders as having to file only when they reach the 10% threshold. This may be an internal brokerage rule that is probably being "bent", much the same way they are "bending" the rules on Naked Short Selling.

LOL

smile


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