Replies to post #32683 on Calissio Resources Group Inc (CRGP)

[phx_invest]

The 25% rule is quite a rare situation and I say situation because it takes into account the PPS

The company seemed to be doing everything it could to not have it come into effect. Why wouldn't they stop buying shares or wait and perhaps not retire the 77m shares if this was all a planned scam?

[TheSittingtight1]

JS, you would think that the company would/should know but out of the 10 or so people from brokers to traders that I personally spoke with had never seen the 11140 rule ever.The only one I spoke with that had any idea what I was talking about was Jessica from FINRA. Not to make any excuse for the company but it was a well hidden rule which apparently stumped even the DTCC on the distribution of the dividend.That is pretty bad when even the SRO Regulators can't even get it right. What a mess they caused to cover their little short MM friends.

ST