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Re: Green&Gold post# 8534

Thursday, 12/05/2013 10:12:25 AM

Thursday, December 05, 2013 10:12:25 AM

Post# of 26916
They are the legal requirement of the SEC on all Rule 144 stock in order to remove restrictions and make the stock tradable. Every single transaction where stock was sold or pledged as part of any financing that took place needed this letter in order for the deal to proceed. It is basically a qualified attorneys legal opinion as the legality of making restricted stock free trading

Problem is there is a huge conflict of interest for an any attorney who is also an affiliate, majority share holder or possibly in this case the control block holder to write their own opinion letters, they are supposed to be completely independent based upon the requirement s of the SEC.

He has been already suspended from the commodities and futures exchange for fraud and is being sued currently for issuing illegal and knowingly fraudulent opinion letters.

Not a good thing.