my interpretation of reading everything i read
today on several different people is that the
s.e.c interprets any shares you receive free
to do any kind of work for the company should
than have a one year restriction..
so that means they should just close the whole system
down,heck the nasd and amex too..
you pay a lawyer free shares to do your filings,
that should get the ledger..
you give shares for financing,that should get the
ledger...
the system is now a bigger joke than ever ,cause the
s-8 rule even if legally issued than would have a one year ledger and would not be needed cause the sb-2 would
be ready in that time too..