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nit2win

07/23/17 1:34 PM

#121474 RE: Starlost #121463

Well, that's quite a conspiracy theory isn't it? Lol

However, that's not possible. The company does not have shares to sell into the market. If the company did, the company would be deemed an Affiliate or control entity and would be subjected to a Form 4 filing and volume selling restrictions which are based on the previous 4 weeks trading volume (1% at virtually zero trading avg.) which means they couldn't sell much of anything.

Before we start with the "it happens all the time" routine, it doesn't. There are too many layers of liabilities between the transfer agent, broker dealer and clearing firm that makes it absolutely impossible for that conspiracy theory to happen.

As for the transfer agent being "gagged," that's also fiction. Many transfer agents make it company policy not to disclose the share structure of their clients. They defer that for the company to communicate to their shareholders.