Sunday, June 03, 2012 11:32:05 AM
wshaw my Attorney has done extensive research!
It's not as 'simplistic' as a definition of a 'special dividend'...
The concern is how investors were treated in regards to this 'special dividend' which is not stated as such in filings and is a 'dividend distribution' vs the July 2010 'share distribution'...
To Quote...
"I know of no reason why they failed to use the original 'Record Date as the Accurate Date', and "why they didn't make the initial distribution", never having to explain 'why' and using a backdate doesn't get them past that question - they still didn't make the 'Initial' distribution."
That said...
Backdating and this new 'Special Dividend' serves to make the entire transaction look suspicious, and casts a shadow over the issue of 'Intentions' and does not excuse the company or hold them harmless!
This information is from an ***Attorney***
(who has REVIEWED ALL the INFORMATION)
The SEC will determine 'IF' and to reiterate...
The most damning part of all...
The ***March 14, 2011... Blog Update by Ken! ***
This was posted 'AFTER' several statements by the Company were required to give better clarity to avoid investor confusion!...(read the SEC correspondence)
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=76213774
Furthermore...I rely upon information that is verifiable.
As far as this comment you posted...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=76214293
Quote:
__________________________________________________________________
"Well good, then he will agree with what I have posted. "wshaw my Attorney has done extensive research!"
__________________________________________________________________
Read the post again for clarity!
It's not as 'simplistic' as a definition of a 'special dividend'...
The concern is how investors were treated in regards to this 'special dividend' which is not stated as such in filings and is a 'dividend distribution' vs the July 2010 'share distribution'...
To Quote...
"I know of no reason why they failed to use the original 'Record Date as the Accurate Date', and "why they didn't make the initial distribution", never having to explain 'why' and using a backdate doesn't get them past that question - they still didn't make the 'Initial' distribution."
That said...
Backdating and this new 'Special Dividend' serves to make the entire transaction look suspicious, and casts a shadow over the issue of 'Intentions' and does not excuse the company or hold them harmless!
This information is from an ***Attorney***
(who has REVIEWED ALL the INFORMATION)
The SEC will determine 'IF' and to reiterate...
The most damning part of all...
The ***March 14, 2011... Blog Update by Ken! ***
This was posted 'AFTER' several statements by the Company were required to give better clarity to avoid investor confusion!...(read the SEC correspondence)
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=76213774
Furthermore...I rely upon information that is verifiable.
As far as this comment you posted...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=76214293
Quote:
__________________________________________________________________
"Well good, then he will agree with what I have posted. "wshaw my Attorney has done extensive research!"
__________________________________________________________________
Read the post again for clarity!
I welcome diverse opinions and comments, but I’m not responsible for interpretation or ability to comprehend.
Occasionally I will respond to egregious critics (out of morbid curiosity).
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