Replies to post #46513 on Calissio Resources Group Inc (CRGP)

[janice shell]

Yes, I agree. The judge was pretty soft on Signature, but COR knows Signature doesn't have tons of money, and so isn't really worth going after.

And COR already has the means of recovering nearly all its losses. Perhaps even more than its losses, if it wins the Beaufort arbitration. As the judge rightly points out, whether COR is actually able to get its hands on that money is none of his business, and not part of the case before him.

it'll be interesting to see what grounds for appeal COR thinks it has.

[DiscoveryStock]

Interesting to see that a shell/phantom company paid a dividend. According to the article, $1.3 million. Not bad for an nonexistent company. Even if the amount was lower because some of the shares were restricted, they paid something to DTCC. The date of the payment was used to define the adjusted ex-dividend date.

Also interesting to see that DTCC debited $4 million from COR and $0.94 million from Alpine. Total $4.94 million. That amount is the dividend for 449 million shares. Article mentions there were 340 million extra shares issued. There's at least 109 million phantom un-issued extra shares in there.

More interesting to see that COR recovered $1.7 million from Darbie, $2.26 million from Nobilis. Total recovered $3.96 million. And expecting to recover an undisclosed amount from Beaufort. They already recovered everything and yet, they continue the case with an appeal. Even after the judge said they were the biggest part of the mess created. They can't even argue they suffered a financial damage anymore.

Most interesting to see a $0.000007 transaction where the parties have to call and negotiate a price in the grey market.