Golkor Inc (GKOR)

[Eagle777]

The BVIG distribution shares were RESTRICTED! Since restricted can not be bought and sold, they do not need registration. KATX management made the required filings to create, issue, and transfer ownership of the restricted distribution shares. The PR they put out in September said they were ready to issue the shares.

The SEC "saw" the distribution on the web site about that time. They claimed that the shares should be registered. That started the back and forth with the SEC. So I can only surmise that the SEC prevailed in that postion since now KATG (Jan 7th PR) is filing the 15c2-11 so the shares can be "registered".

So let's stop all the hyperventilating and completely false nonsense how Ken lied.

http://taft.law.uc.edu/CCL/34Act/sec12.html#g

Securities Lawyer's Deskbook
Section 12 -- Registration Requirements for Securities