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Re: miketrav69 post# 252069

Thursday, 02/27/2014 5:29:01 PM

Thursday, February 27, 2014 5:29:01 PM

Post# of 289415
As an FYI- I was in conf call last week regarding another public co (fully reporting) and they were talking about funding from the JSJ, Asher's of the world and apparently the SEC has got wind that some funds (won't name them) have been using overseas accounts to "illegally" short stocks here. They were saying the SEC had informed them that they were starting to crack down on these funds doing these Conv Notes to Pink Sheets. Why do I say "illegally"? Because these same funds are the same funders (thru the Convertible Notes which I've covered at length) financing companies like BBDA. Remember that being a pink sheet co, BBDA can only issue restricted shares that are not eligible to be register for ONE year (Fully Reporting its 6 Months). These funds are not waiting but instead are using overseas accounts to illegally short these stocks. They do this because the Company (BBDA) keeps "rolling over" these Convertible Notes (meaning that they keep issuing notes to people like JSJ EVERY month to tune of $130K-$180K!! That my friends is why there are 9.8 BILLION Authorized shares and 4.2 BILLION Shares issued already...and this is AFTER the last Reverse Split! Wow!