InvestorsHub Logo
Followers 13
Posts 1799
Boards Moderated 0
Alias Born 01/27/2004

Re: None

Monday, 04/04/2005 12:54:37 PM

Monday, April 04, 2005 12:54:37 PM

Post# of 53986
Scale Car,

Rich, hey did you see this? I thought this was interesting.

Did you finally look into the facts instead of just arguing to make yourself feel better? Did you find info pertaining to S-8 shares being free trading not requiring Form 3,4, or 5 filing unless total holdings exceed 10%? Raven Moon (RVNM) is the most obvious proof of that fact on the OTCBB.

The CEO gave himself 4,100,000 more shares since December 31. Although the filing is out of order; all of those shares are documented;
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001301475

It's the other Unregistered and Registered shares (aprox 100,000,000 since Sept 30, 2004) that are unaccounted for.

68,000,000 S-8 shares were handed out through December 13, 2004. Another 23,400,000 S-8 shares were handed out since January 13, 2005 to 5 employees. Ronald Burton Adams, President/ Secretary/ Treasurer of scalecars, LTD of Nevada received 4,900,000 shares on December 13. smallcapvoice received 6,000,000 shares on December 13. According to their website; they only received $5000 cash for services;

http://smallcapvoice.com/disclaimer.html

Where are all of those shares? If you want to continue to believe that Form 3,4, or 5s need to be filed to sell S-8 shares in the open market; it won't change the fact that they don't.

Good luck again.


Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.