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Re: lifegear post# 7198

Saturday, 11/29/2008 10:05:16 PM

Saturday, November 29, 2008 10:05:16 PM

Post# of 10201
I researched the SEC site directly. Many of the filings don't appear to cost a thing. Apparently this stock wasn't de-registered, so the filings are necessary if you acquire a 5% interest. Old directors should have filed 3's or 4's if they relinquished any holdings over 5%. They lost their directors seats according to the court actions, so wouldn't need to file if they never sold or bought since or never held more than 5%. Otherwise they would be required to update their holdings information or face SEC scrutiny, according to my reading of the requirements. We could probably assume that they junked their stock, and face the scrutiny if the dog ever grows teeth. I doubt that the SEC uses its teeth often enough. I don't doubt that it has them.

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