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Re: warburg post# 8363

Sunday, 05/15/2011 5:58:20 PM

Sunday, May 15, 2011 5:58:20 PM

Post# of 17503
I wasn't referring to anything but the fact that a company must file quarterly statements with the SEC if they have over 500 shareholders. The dark status is revoked when that number is breached. Perhaps AWSL has largely foreign shareholders thus evading the jurisdiction of the SEC in that regard, could be the reason.


Warburg, I didn't say they were lying, I just said, with all that in mind that they are required by law to file 10Q's and 10K's with the SEC when the shareholder amount reaches a certain point, it's surprising that they advertise the fact. But, lIke i said, there is a possibility that most of the shareholders are foreign thus, keeping them in the clear for the time being or, at least out of SEC jurisdiction in that affair.


Do you remember the stink the Facebook Goldman Sachs deal raised? It was over the same issue.

This post is just my opinion. I am a 100% non-compensated poster posting solely for my own interests and/or entertainment.