American Green Group, Inc. (AMNE)

[jackson227]

One of the posters here asked me if I understood the procedures associated with a company selling shares and the procedures associated with filing for a F/S with FINRA.

I do understand.


If a company wants to dump 1 billion shares, and those shares get sold at .007, the company does not get the full .007 , which is exactly why it is to their own benefit to put out news to get/keep the pps as high as possible by employing tactics like announcing a F/S and a date of record like June 1st. It is unfortunate , however, that the announcement was premature, misleading, and/or negligent.


If AMNE didn't know that they had to first file paperwork with FINRA to successfully execute a F/S and set a record date, then they should have known and didn't, which is negligence.

If AMNE did know that they had to first file paperwork with FINRA to successfully execute a F/S and set a record date and decided to announce a F/S and a record date without first filing the proper paperwork, then that announcement was misleading and/or fraudulent.


So, if they didn't know that they needed to file paperwork first before announcing such a split, then their lack of education/understanding regarding proper rules, regulations, and procedures equates to negligence. If they did know and made the announcement anyways, then their actions were both fraudulent and intentionally misleading.

Any valid arguments against my position are both welcomed and encouraged.