Tuesday, October 18, 2011 12:42:33 PM
Did a QIB throw some unregisterd shares into the market?
http://www.iflr.com/pdfs/web-seminars/Foreign-bank-financing-in-the-US/FAQs_Rule_144A.pdf
Maybe to cover some shorting?
Or is FINRA and SEC reading Gary's filings that show a discrepancy?
It seems to me that the form 10's are inadequate to issue new shares.Maybe if Gary was honest and stated how many hundreds of millions of shares he intended on selling that it would constitute a registration.But he actually understated and held back that there were consultant agreements that shares were issued to.Did he do that so consultants could dump them into the open market after waiting a year without anyone knowing it was coming?
I guess the SEC and FINRA may just call any shares issued before the ammended filings are counterfeit because they were illegally created because of when they actually came to be verses when Gary admitted to it.
What a tangled web they weaved!
Gonna make a difference !
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