He didn't get 400 million shares yet. Cox said he pulled it because the clearing firm did not consummate the conversion. He must be referring to the T/A, ClearTrust. Even if ClearTrust cut the cert, his broker will require a legal opinion letter. I'm wondering who'd be crazy enough to cut a cert or write the opinion letter without a 3(a)(10) exemption. I'm really, really curious to know how Talari came up with 400 million shares for ~ $1.4 million in debt. LOL.
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