"Apparently, it is op. You need to refile most current filings to show those extra shares are not from insiders using Reg S and Reg D sales." _____________________________________________________________________
Material events conducted by companies have a statutory filing requirement time. I believe the length of time of over five years could easily be defined as a violation and addressed by the SEC as such. All alledged shares as you suggest would have been sold into the open market while this stock was trading requiring such notification. All filings filed and PR's released infact countered your claim. The outstanding was verified and identified by the TA at the time to be 4.3 million outstanding.
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Apparently, it is op. You need to refile most current filings to show those extra shares are not from insiders using Reg S and Reg D sales.
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There has been more then enough filings completed to date to imply if not disclosed it is with the intention to mislead and the SEC can act on it.
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There's your problem. The DTCC has nothing to do with the brokers, who in turn, simply fill orders. The DTCC is one giant notebook ledger controlled by brokers. If you were screwed, it was by your broker who failed to enforce the Customer Protection Rule.
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Now thats funny and a run on words. "The DTCC has nothing to do with the brokers," while you say "The DTCC is one giant notebook ledger controlled by brokers". Hold on while I laugh on that thought. And even more laughable, "If you were screwed, it was by your broker who failed to enforce the Customer Protection Rule." Well I believe someone also forgot to enforce the FELONY SECURITIES FRAUD RULE!!!! lololol
Now are you trying to say the DTCC who is our brokers may not have records of all the sharesholders that exist since the "notebook" may have run out of ledgers to fill in to record the actual quantity of shares they actual sold us? Hold on, lololololo. Ok, I'm back.
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Ask Tom to send you a signed statement claiming the stock was oversold, how much, and by which brokers. Then, call the current Transfer Agent and ask them for a copy of the notice they sent showing the stock is oversold. Start there.
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You did see all the filings filed that Megas stated unauthorized shares were sold I would assume. If the DTCC released it's illegal global lock (since they are just a notebook that protects it's holders) and the SEC enforced the 203 by in rule to achieve Investor Protection then we'd have no issues right now. Except the issue of having alot of money. It's also funny you mention to call the TA. After all everyone knows who the TA is, but that is the only possible legal reason to halt this stock from trading as stated by the DTCC to the Senate Finance Committe. The aspect of current or uncurrent filings at that time had no bearing since thousands of other delinquent companies were allowed DTCC services and allowed to trade. I just don't think those other delinquint stocks had be over sold 100% beyond shares that exist:)
