Its all about paper work. If your paperwork is inline, the SEC has no back bone. If contracts were signed with proper terminology stating shares were given free and clear from the signee/company/3rd party, its all good for Matt.
ex:SHAREHOLDER warrants that all shares will be paid by a “non-affiliated third party”, are properly registered, free of any and all restrictive legends, not issued pursuant to an S-8 Registration or 504 Offering and are otherwise freely tradable AND TRANSFERABLE. SHAREHOLDER further warrants that shares will be delivered to CONSULTANT immediately upon execution of this contract.
Contracts that Matt possesses that is not been seen by the SEC can put this all behind him.
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