Replies to post #109603 on DD Support Board and Research Team

[shajandr]

In re Delinquent SEC Filers

Subject to correction by others, it is my understanding that once and SEC filer becomes delinquent, then no Rule 144 exemptions, included AGED DEBT are available to any stockholders until and unless the delinquency is remedied and the company becomes fully complaint with SEC reporting obligations, and then there is an additional period where Rule 144 is still unavailable to holders of restricted shares even after the company becomes compliant and fully reporting.

So, ANY issuances of stock by the company once it has become delinquent, whether for CONversion of AGED DEBT or for sale to raise munny for the company, will be RESTRICTED and cannot be delegended and sold under any Rule 144 exemptions.

Thus, the 62-whatever million shares that were issued in the period after the company became delinquent cannot legally be resold into the market, whether it was issued to pay AGED DEBT or sold directly to one or more parties to raise capital.

If my understanding of this is wronGGG, Integral or Bigbake1 or similar will correct me (or should).

Bottom line, stock issued once an SEC filer becomes delinquent cannot be sold into the public markets - even if those shares were issued for CONversion of appropriately aged debt. This also applies to any restricted stock issued prior to the delinquency butt nott delegended prior to the delinquency to become free-trading shares.

HTH, and anyone who wishes to correct me if I'm wronGGG, please feel free to do so, as I don't wish to spend time and munny on a floral SEC accountant, no matter how many lovely orchids they have for sale.