Replies to post #32600 on Lifeline Biotechnologies Inc (LLBO)

[GetSeriousOK]

That means all CEO's of Penny Stock Companies Could let disclosures lapse and unload their shares without investors knowing.

Exactly, for non-reporting companies on the OTCBB. That will end on Sept 28th, 2021, if not sooner.

"SEC rules" for disclosing ownership only apply to companies that report to the SEC. LLBO has NEVER reported to the SEC and therefore Holmes has NEVER filed a Form 4 or reported anything else to the SEC. He's filed share registrations when he printed new shares but he stopped doing that in 2009 and used reverse swplits to continue his dilutive little scam.

Who knows - maybe Holmes will keep his word for once and bring LLBO Current this week and disclose his ownership. I'll know when I see a pig fly by my window.