They did address the violations by revoking the stock.
Do you ever pay attention to other stocks? Have you not seen where insiders were caught dumping more shares than actually reported? John Edwards dumped 111 Billion shares using a fudged ex-clearing contract. Vince LoCastro and Edwards were caught dumping an extra 22 Billion shares while actually being investigated by the SEC (Vince used a bogus $7 Million promissory note as debt).
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That's really a sorry excuse people keep using. You have to be fully compliant when you are asking the SEC to help. Not sort of compliant, not good enough compliant, not the lame excuse of you'll be compliant when you feel like it. Full compliance would rule out additional shares, would expose any insider foolishness, and would actually be beneficial to Tom by cutting off people claiming the fraud could be from insiders.
It was John O' Quinn Esq who made that accusation. In fact, O'Quinn has alluded to the DTCC being a paper tiger controlled by the brokerages. Still laughing now?
Now I'm lauging.
Um no, I'm saying brokerages do not always report their positions back to the DTCC. What is reported, is never actually verified by the DTCC. Reported positions are an honor system by some not so honest brokerages.
Hold on...LLOLLLOLL...ok, now I'm back.
You mean "Committee"? See, by law, you never have an official failure to deliver until the Transfer Agent states so. Hence, why even the SFC stated Tom needed a Transfer Agent. If you noticed, the Transfer Agent has never been able to indentify one failure to deliver.
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