Hannover House Inc (HHSE)

[Dogfish Head]

I think the concept is great, but being in the legal field and having worked with SEC attorneys, it's touching a fine line of securities fraud. Here's how. Say all of us on iHub lock up the float in TDGI. Say only ONE person whose name is on the "share tally list" that we have posted here publishes a false statement on the internet on another board that causes the price of TDGI to soar. Then iHubbers sell out and cause the TDGi to crash. What just happened is what many people get indicted for. Now, I know that's not the intent here and I'm just really musing, but all it takes is one person with a bad motive within the group of investors to draw SEC attention real fast. What's funny is the SEC does nothing about market maker manipulation and hedge funds, but just try to pull a pump and dump -- and leave proof of such sitting on a message board no less, and you'll end up being contacted by the SEC in short order.

Before I get flamed, I know the spirit of a float lock is a fun concept. This isn't directed at anyone on the board, but more of an informative post. I enjoy seeing how many shares we have collectively as anonymous posters on iHub. But starting to talk about float locking and possibly selling at a predetermined price (which hasn't been done yet) touches a fine line I think we'd all be better off staying away from. Just keep it fun - the purpose for which it was created.