Cartel Blue Inc (CRTL)

[cwynn]

The Company doesn't have to be a direct seller to be the beneficiary of the dollars received for the shares sold. They could have pledged the stock on a loan which was "foreclosed" on, paid it in a bonus to a hard worker who sold it and then lent the proceeds back to the Company, paid a consultant with the shares for future services (also maybe which include lending it back)...... there's no end to the potentially obtuse methodology here...

While all of the preceding are obviously nothing more than shabby ways of selling the stock to the MM's and then trying to "cute" their way out of the blame, there are many many ways for stock to converted to cash for the use of the Company.

By the way, the Transfer Agency will know exactly where the shares came from. If the CEO would like to demonstrate his clean hands and total lack of knowledge about the history of dilution, simply release the Transfer Agent from the Company imposed communicational shackles and let some representative shareholders have a conference call with them.... easy stuff for an honest man (like mr ceo represents himslf to be) to do, particularly if his personal credibility and integrity is at stake yet again, so let's just do that one simple thing, ok mr, ceo..........!