Interesting news on BHUB cmg. I wonder if any of the Big pushers on IHUB are part of the 30 the received those 1.5billion unregistered shares?
BigHub.com, Inc. Responds to Select American Transfer Company PR Newswire - April 11, 2007 9:50 AM ET
Related Quotes Symbol Last Chg BHUB Trade 0.0048 +0.0013 Real time quote.
The BigHub.com, Inc. (Pink Sheets: BHUB) has received a shareholders list and list of issued shares by Select American Transfer Company ("Select"). The Company has reviewed the press release and would like to note the Company's position as follows:
1. The Company has requested a conversation with Nathan Rogers since March 28, 2007 and has not received a return call. 2. The Company has endeavored since March 28, 2007 to receive a shareholders list and to ascertain certain records. The shareholder's list received from their offices were received at 5:20 pm edst on April 9, 2007. 3. Pinksheets.com notified the Company that Select had resigned the week of March 30, 2007. 4. According to Select, DTC was still sending information to them as of April 5, 2007. 5. According to Select's shareholder activity list, shares were issued to Cede (DTC) as late as March 20, 2007. (Share certificate No. 1277) 6. The Company has been informed that the records have been sent back to the person that gave them to Select. The Company believes this is in direct violation of Rule 17Ad-7 - Record Retention. This rule is part of the "General Rules and Regulations promulgated under the Securities Exchange Act of 1934".
Based on the information received by the Company from Select, over 1.5 billion unregistered shares have been issued to over 30 entities and individuals in Toronto, Canada. Select has also issued over 10,000,000 shares to "John Sparrow", unregistered and free trading. John Sparrow has been identified as the "President" of the entity presented to Select.
"It appears that Select is trying to cover-up misdeeds in the issuance of shares," stated Darrell Peterson, Interim President. "This press release by Select is very curious as the management of Select has blocked the Company from receiving vital information and refuses to have a dialog with the Company concerning their transactions since September 8, 2005 when they issued share certificate 1001 to 'John Sparrow.'" Peterson continued, "The current management and directors of the Company will continue to state the facts as received and to bring full disclosure to the investors and shareholders of the Company as soon as possible."
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