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Posts | 4398 |
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Alias Born | 07/22/2009 |
Tuesday, February 16, 2010 1:34:14 PM
"Question #1"
The restricted shares. On August 25 I spoke to the TA twice. Once to
Elson and once to Maria. Both of them told me that the float was
930,538,167. This was also confirmed by other people. I also had a phone conversation with you where we discussed this. During that conversation you told me that the company hadn't put a restriction on all of them, but that regardless the SEC placed restrictions on them and that only 1% per quarter could be sold.
I have no clue what Elson or Maria told you...It would seem to me
that 930ish would be the outstanding at that time...however, don’t quote me on that, because I simply don’t know what they said to you. We are held by rules, SEC, FINRA, tranfer agent rules, those guys, that do restrict insiders to 1% per quarter (I think), I don’t know for a fact because I've not exercised that option, nor have I ever removed a restrictive legend on any share I owned. Further, I've never sold a single share of mine since inception.
"Question" #2
The 2/3 of the revenue typically falling in the second half of the
year. Now somebody the other day sent me a private message [PM
hereafter] that brought up that you could be making this statement based
on numbers from when D&D was private. Perhaps that is the case, but I do
know that of the numbers released for Expo that statement is false.
Actually, regarding this statement, I may have mispoke (cant remember
exactly what I said, but it should have been something like "2/3 rds of
our business is conducted in the last half of the year." which is a true
statement, however, that if from a manufacturing point of view not
actually shipments. Most of our actual work, not the shipments or
billing does occur in the last half of the year. Its pretty typical.
"Question" #3
The financials for Q3 2009. I cannot fathom any logical reason for
why they have not been released.
I have not released them yet. I do want to point out, we are not
required to release them on any timetable. We are, as I have stated in
the past a non-reporting pinksheet company that electively reports on
the company's timetable.
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