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Re: BigBadWolf post# 4545

Friday, 04/30/2010 9:24:25 PM

Friday, April 30, 2010 9:24:25 PM

Post# of 40561
No sir, you could not be more wrong.

When two or more people agree to buy shares of a company such that they collectively control more than that percentage of shares necessary to control that company (which the SEC considers to be more than 10% of the outstanding shares of that company), they are acting in concert in violation of law, regardless of the status of their incorporation, organization or lack thereof. Are gangs incorporated?

Once you sit down with one or more people and say, "Hey, lets buy up x% of y company," and x% is more than 10% (5% if its reporting), you have probably broken the law. When you're up to 51%, there is no longer a question. When you try to get other people to buy or not sell, wow! What other plausible construction that you are the leader of a group of investors who act in concert could possibly exist as regards the following?

In post 11182 on that other company's board, you stated, in relevant part:

"...am buying heavily daily & Sky & Company adds about a minimum of 1/2 million shares a week & we do already hold over 60+M shares of this float .... This will be over $4 by year end in total value."

In response to a person who stated, "It might be closer to 65 maybe 70M Held by that company we love so dear," you stated in post 11314, in relevant part:

"... that probably closer to 70M is quite correct ... Sky & Company's mission is Mike Head's vision... Sky"

The reason I am so strident is that you put my investments in both these companies at risk. If you haven't noticed, the SEC, FINRA and the DTC have a hard on for non-reporting companies. Any straw they can grab on to is enough. Don't give them anymore straws. I don't think you are evil, but you aren't helping. Please let me stop.