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Re: Gold Seeker post# 27638

Saturday, 11/20/2010 9:16:22 PM

Saturday, November 20, 2010 9:16:22 PM

Post# of 30387
Gold, If you truly understood the company reports, you would realize that shares for employees or consultants are issued as S-8 forms which could be traded immediately if desired.

The regulations however would specifically forbid the use of S-8 for paying: (a) fees related to raising money and (b) fees for IR activities.

Therfore, any shares going to an investor relations firm would be automatically restricted for 6 months.

Further, I would venture to say that 800,000 shares equal to approximately $40K is really a small amount in the IR business.

So what does a "blithering idiot", as you say, do when found guilty of incorrect assumptions?

I would assume that an apology is in order...Wouldn't you?

Looks to me that Opportunity was 100% correct.
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