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Thursday, April 28, 2011 3:51:30 PM
It's even possible for the ones who are unloading through third parties are using it to create appearance of volume and attempting to hide the NO BID status and no one is really making anything on trading. Except for of course the people that just spend $35 for a filing and unload BILLIONS of BEHL shares at any price, doesn't matter if it is only .00001, it's still free money.
So, what position do our regulatory agencies take on this? Is it legal for me to purchase an empty shell, tell a really cool story about some high tech thing I'm going to do and then just sit back and sell shares? At what point does anyone get held accountable for operating like this? When the reverse split comes do any of the current shareholders have any recourse?
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