GUMP ABSOULTELY INCORRECT...
it is called 504 shares in which they get an attorneys opinion letter and issue them in states where it is still not illegal
to do 504 shares...
i know texas still has a loophole to accredited investors,do not know if colorodo still has it open and even what is called a piggyback registration via delaware...
all what happens is the attorneys letter with the registation for xxx amount of shares is issued to urban and than he can advise the transfer agent to issue certs to whomever he wants...
but the bottomline is a copy of this letter and shares sent out never is forwarded to any other agency and because it is a pink sheet and does not have any other filing requirements the information in these 504's are very private..
NOW SOMEONE SAYS OH THERE IS THE RUB..
maybe now someone gets a light in their head pop up and go,wow that is why they were having so many problems with choosing their transfer agent and switching so much..
during the heaviest volume i am sure they were overloading the transfer agent with 504 request and certs at the same time the t/a was getting thousand of calls and having to tell investors basically sorry at the companies request we are not allowed to tell you...
[chart]www.profile.ak.facebook.com/v229/1511/20/n1271503258_594.jpg[chart]
Disclaimer-i buy stocks on the advice of my lucky eight ball,please seek the advice of your owns balls before buying anything ....