Replies to post #34723 on Calissio Resources Group Inc (CRGP)

[janice shell]

SO the SEC and FINRA gave credit to a company like CRGP when they advertise a dividend?

The SEC had nothing to do with the dividend declaration or distribution. But FINRA does have some culpability here, I think. It knew CRGP was paying a special dividend, one worth far more than 25% of the company's stock, especially if the company was still claiming its o/s was 129 million shares.

That should have prompted the people vetting the corporate action request to wonder where the money to pay the divvy was coming from. And that should have led them to CRGP's incompetent and inaccurate financials, at which point they should have declined to process the dividend.