Replies to post #27615 on Calissio Resources Group Inc (CRGP)

[GoldHitter]

I think it is illegal for Adam to return the divvy $ back to COR unless SEC says the converted shares are not entitled for receiving the dividends. Nobody (COR or Adam) except SEC can make that claim.

Also no company can deny request for debt conversion from an eligible note holder if it is mature. Nobilis is not affiliated with Calissio (if my understanding is correct), so the share selling during buyback was initiated by a 3rd party but not orchestrated (as claimed by the law suite) by the company. So I don't see any fraud here attempted by the company.

I don't see there is a rule to say that a company must announce/report new shares conversion or latest O/S count during buyback period. So it is not an issue here too.