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Reptos

08/28/15 11:35 AM

#27058 RE: NicoleMarie #27053

Relax. This issue has nothing to do with your dividend.It is only about dividends paid to the company that were purchased but not eligible.
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tchalla

08/28/15 11:39 AM

#27060 RE: NicoleMarie #27053

That is not at all what that suit implies. It is not asking shareholders to give back divy. Omg. I am utterly shocked by how few people on these boards can read with understanding and comprehension. You will not have to gove back your divy. It was declared by the company and paid. Thatbis a done deal. The dispute now rests between COR and crgp as to who was respinsible for paying it on the excess shares that have come into the market since 6/30.
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CrisTco

08/28/15 11:43 AM

#27069 RE: NicoleMarie #27053

I have spoken with some attorneys regarding this and mind you, this is not legal advise, but from what they understood of what I conveyed to them this is a lawsuit against the company, not the shareholders who did nothing wrong here. So as of right now, there is no need to concern with dividend money being taken out of someones account. The cost to track down each person who received the dividend would exceed the value of the case imo and would render the attempt useless.

The only pain point comes in where the name "Does 1-50" in the suit, and the fact that they can ammend the suit at any time to include anyone they need/want to.

Me personally, I reinvested all of my dividend money into the company so no concern for me as it all rests with the value of the shares and if it tanks, so does the dividend money and I am not liable for that. Overall though, this is a civil suit against Adam Carter, Calissio Resources Group and Signature Stock Transfer inc. not the shareholders of the stock or recipients of dividend funds.

Again this is not legal advise, only side conversations and opinions. They have also not read the complaint as of yet so all things are subject to change.