Anatomy of the FLD

[Virtual Drew]

Depends! - Standard collegiate answer.

Before embarking on such a "Wild Goose Chase", I am certain the SEC would need to look at "ABC's" stock ledger and interview the company's transfer agent (T/A) (if they have one), in an effort to validate what is being publicized as "ABC's" Outstanding Shares (O/S), is in fact, what the O/S and share structure truly is.

I've seen on several occasions, where what the shareholders thought the share structure was, not even being remotely close and off by several orders of magnitude!

I suspect the SEC can determine rather quickly whether or not to direct their limited resources on such a claim. I highly doubt there has ever been a case where the shareholders were right!