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Wednesday, February 16, 2011 6:46:47 PM
As I said in a previous post..The filing was not a mistake and is a legal document that shows that the company can do a reverse split at any time they choose..
Of course they can reverse split at any time veno, the company owns all those pesky shares that give them 100 to 1 voting rights as witnessed by all all the A/S raises done over the last year without shareholder input. My question was, why was this recent recent A/S raise done on the Nevada SOS site listed as an STOCK SPLIT when all the other A/S raises were listed as Amendment's
Any poster who sold on that filing clearly has a actionable case for fraud against this company.
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As I said in a previous post..The filing was not a mistake and is a legal document that shows that the company can do a reverse split at any time they choose..To each their own on wether to sell on that filing or not..I would say that posts saying immediately after the filing that the company had already split and gave the numbers was way too premature and gave rise to many other posts that led to phone calls to the company..That led to the company saying that had no plan to do a split at this time..Which then led to speculative posts saying the company had better change the filing and quick or be under scrutiny by the SEC..That led to more posts saying the same..That led to an email enquiry with more of the same about the company being in the wrong..That led to phone calls that determined the company had done no wrong by submitting the filing and all that it meant was that the company could do a split whenever they choose to do so..
So there you have it..The company did nothing wrong and an investor decided to sell their shares based on the filing without finding out more infomation first..Sorry..no lawsuit there..Posts always directed at turning anything into a negative as soon as any news comes out like today..do have impact on some investors..I have learned to find out more information first to base my decisions on..In other words..find out the truth...veno --------------------
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