Replies to post #30424 on Calissio Resources Group Inc (CRGP)

[shajandr]

I'm afraid SO. Shares sold into the market by the convertible note converters and bought by anyone after June 30th are impacted as nott entitled to the divy.

"22. Because these new shares were issued after the June 30, 2015 record date, they were not eligible for the dividends attached to the previous shares.

23. Indeed, due to the massive dump of new stocks after the June 30, 2015 record date, four out of five Calissio shares were ineligible for a dividend."

And furthermore, the entire divvy is likely illegal and can be rescinded by the court as a remedy. From EVERYONE.

[zazookaz]

COR and client shorted and sold shares between the date... negligence and ignorant... COR deserved the bill...

[janice shell]

According to COR's lawsuit, CRGP bought almost all, if not all, of those shares from COR. Therefore none of the shares sold to others were from COR. As such, the divi handed out by every other broker was legal and covered by CRGP before it was even placed in our accounts. The dispute is between COR and CRGP, who COR fears will run away with the money, and no one else. If anyone was unjustly enriched it would be CRGP. We shareholders were paid our divi with money CRGP had in hand, not COR money.

Yes. But perhaps that's not the whole story. Remember: beginning in the last ten days of July, CRGP raised its a/s from 300 million shares to 3.475 billion.

Certainly they didn't do that just for the hell of it. So what was the reason? They gave themselves another THREE BILLION shares available for issuance. Did they issue any of them? The successive raises suggest that they kept running out, and had to raise again.

So perhaps they didn't only issue stock to Nobilis and Beaufort during the critical period. Maybe they issued a lot more, and it was not among the stock they bought back.