Replies to post #47994 on IJJ Corp (IJJP)

[sharky]

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[Cassandra]

Sterling... Did you call the IJJP TA to verify (or contradict) that they will release share structure information when authorized by the company as I stated I was told yesterday in my post to which you replied?

I called Transfer Online again today and spoke with Carolyn who, after some questioning, ended up confirming that they will release the numbers if the company so authorizes.

There is good reason to believe that the share structure numbers for IJJP being reported by Cliff Pope are false. The "Confidential Private Disclosure Memorandum" that sets forth the distribution of shares by the six-companies to various individuals shows that 10% of the shares outstanding were 195,419,226 which would mean the O/S was actually over 1.9 billion on that date not the 1,166,384,000 Pope has been claiming.

Because ownership of 10% or more of the O/S of a stock causes one to become an "affiliate" thereby restricting the number of shares that can be sold, the shares of IJJP were to be issued in 3 tranches with no one receiving more than 9.99% of the O/S.

As you can see from the screen shot below from page 3 of the Confidential Private Disclosure Memorandum (link provided), three individuals received more than the 117 million shares in the "first issuance" (tranche) that would have made them affiliates if Pope's claim of an O/S of 1.17 billion had been correct.

Two of these three individuals are relatives of the attorney who put the deal together -- Randall S. Goulding. Robyn Goulding is Randall's wife and received shares as a proxy for Randall's law firm, Securities Counselors. Share recipient Expanse Enterprises, LLC is owned by his son Ryan Goulding.. The third party, Capitol Capital Corporation, is Howard Salmon.

Were the shares outstanding of IJJP actually over 1.9 billion back in November?

If not, why does this disclosure memorandum indicate such a number?

Did the three people who received over 117 million shares become affiliates of IJJ Corp. with the shares they were issued?

Do you have an explanation as to why 10% of the IJJP O/S was stated to be 195,419,226 in the documents submitted to the court?



Link to the Confidential Private Disclosure Memorandum:
http://media.wix.com/ugd/c55eba_0348bf08196b4e938376fc96b1bfdd55.pdf

Backup link to the document I saved and uploaded when the original link was quickly disabled:
https://app.box.com/s/99fqspsilpfw054maheizew61fscjm8o

Original link (now disabled:
http://www.cannabisheadliners.com/images/PDF/4_disclosure_memorandum.pdf

More information:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110700838