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Wednesday, February 20, 2013 4:36:13 PM
NONE of Spencer's stock will be sold...
...by Neil Wallace, his parents, the "sheriff," or anyone else.
The IRREFUTABLE reasons why it CANNOT happen are:
1. The proposed sale VIOLATES Federal securities laws, specifically Rule 144 which governs the sale of all restricted stock, REGARDLESS of WHO is doing the selling or the circumstances.
Further, Rule 144 REQUIRES that ONLY FINRA/SEC brokers execute ANY and ALL sales.
So the sheriff does not have to comply with Rule 144?
SURE, they do!
BECAUSE:
2. Federal law ALWAYS trumps state law.
Whenever state law conflicts with Federal law, FEDERAL ALWAYS prevails and precludes enforcement of any and all state laws that conflict with Federal laws.
3. GOSY's DE attorney has demonstrated competence MANY times.
Wallace has NEVER collected ANYTHING in the 5 years of his FAILED attempts to collect monies from GOSY and/or the Spencers NOT legitimately earned by him or allegedly due his parents.
Therefore, NONE of Spencer's stock CAN be sold by Neil Wallace, his parents, the "sheriff," or anyone else.
In conclusion, the Spencers will NOT be losing majority control of GOSY since their 51% ownership is in preferred GOSY shares is NOT at risk in ANY manner, or have ANY of their common stock holdings sold, either.
Wallace has chosen to not make public the so called opinion letter he hee haws about being the "end all" solution supporting his position. Of course he won't since his position is INDEFENSIBLE.
Wallace is still sooooooooooooooooooooooooooo confused!
1. He doesnt' understand that FIVE witnesses are more CREDIBLE than ONE.
2. He doesn't understand his fathers' fifa is against Spencer personally, not the corporation.
3. He doesn't understand that Federal laws and regulations TRUMP State laws and regulations. And then whines like a spoiled 12 year school boy that no one will tell pitiful him why he is sooooooooooooooooooooooooo confused.
4. He is in complete denial of the pain he endures from his traumatic childhood and that is why he is obsessed with creating "willing victims" such as the Spencers and GOSY.
5. He believes that his great skill at deceit, prevarication and obfuscation will win the day for him.
NOT!
So, once again, words fail me..................
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