This statement "Select American, acting as the transfer agent to these companies, may have issued false share certificates for trading in securities of these issuers in the over-the-counter securities market via the Pink Sheets" sounds like Select American may have been issuing false shares. This may have been through RBCM?
If you remember, RBCM disappeared on 5/17, and the notices were issued on 5/18 and 5/22. My guess is that Select American was using RBCM to issue false shares. Just a hunch, but it is a mystery.
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