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Thursday, October 07, 2010 8:32:18 AM
If O/S is 19,937, then everyone that holds IHGPD stock that are not those 19,937 shares issued by IHGPD are holding counterfeit and worthless stock and could cause huge problems for anyone trying to sell. Likewise, anyone buying new IHGPD stock would also be buying worthless shares.
This subject needs to end. O/S is not 19,937. - flaflyersfan
I disagree with you FFF. If there are NSS's or IOU's in retail traders' accounts, the shares are not worthless if there was ever a reverse merger with a cash payable dividend (buyout). All the purchasing company is required to do is pay into the TA the amount for the issued shares which remain outstanding. If there was a 10M share surplus of shares sold into the market pre-split by short selling hedge funds, individuals, and/or MM's who never covered, or have never had intentions of covering, then the DTCC would be on the hook for covering all of those non-existent share.
Worthless? Actually quite the opposite IMO.
The 19,937 O/S conversation is very relavent, since it is what is being reported by pinksheets.com
Please research all stocks before investing. My post are my opinions and are not buy or sell recommendations. Always force market makers to cover their shorts above what you paid. Build wealth for fellow iHub'ers!
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