hello bocxfans, radiofree bocx is on the air!
i’ve been compelled by a listener to read the filings. well here’s a snippet from the post-effective amendment filed 7-09-10 to an S-1 filed by bocx back in the fall of 2008. page 55:
if any selling shareholder enters into an agreement to sell his or her shares to a broker-dealer as principal, and the broker-dealer is acting as an underwriter, tara minerals will file a post-effective amendment to the registration statement, of which this prospectus is a part, identifying the broker-dealer, providing required information concerning the plan of
distribution, and otherwise revising the disclosures in this prospectus as needed. tara minerals will also file the agreement between the selling shareholder and the broker-dealer as an exhibit to the post-effective amendment to the registration statement.
sure looks like the otc bb company, tara minerals, is in some kind of swap agreement with the hedgefund, hull capital management (who appears to invest in the nir group—a pipe hedge fund).
now some professionals have recently claimed that this kind of swap agreement isn’t done!
well listen up.
tara minerals is a startup mining company loosing money and needing lots of capital. do you really think tara minerals is simply investing long in bocx warrants and not in its own under capitalized operations.
i think not. my guess, they are or planning to be net short bocx shares backed by bocx warrants. the swap agreement most likely involves one or more market makers.
gee bocxfans, do you think this has been done in the past with other bocx warrants that didn’t require registration statements? do you think dr. moro schlepping bocx shares to potential private equity funds back in 2006 attracted some crafty manipulators using provided inside information?
this space is drawing attention. low hanging fruit for regulators.
sincerely,
mr. mata
