_Arthur... And all of those unregistered shares should be restricted shares (shortened from a year to 6 months, I believe > www.sec.gov/answers/rule506.htm Rule 506 Reg D ), in my studied opinion. Did they hit the float? www.google.com/#sclient=psy&hl=en&source=hp&q=%22unregistered+shares%22+%22fraud%22&aq=f&aqi=&aql=&oq=&pbx=1&bav=on.2,or.r_gc.r_pw.&fp=3250639f86c47ef0&biw=1194&bih=782 Google search for "unregistered shares" "fraud" About 46,100 results (0.06 seconds) Something for all to...ponder. Not me. I'm done pondering, lol... I've got to run out for a bit.