Replies to post #7264 on Nashville Records, Inc. (NRCD)

[mortgage1]

53chevy,I share Bigrgub's confusion as to where these shares are coming from that were "given back"(?). My understanding from David (God Rest his Soul)was that there were 250 million shares, of which 200 million were held by insiders. The other 50 million were free trading. Then, there was an addtional 31 million RESTRICTED shares issued--6 million to their former Financial consultants and 25 million issued to these groups out of Minnesota. The total then being 281 million shares. Now, the "problem" as I understood his explanation was that these people in MN were not supposed to be selling any of their RESTRICTED shares or transferring them to others outside of the state of MN so that they could be sold yet another way...yet that is exactly what happened! It was a clear violation of the agreements/offerings and likely MN Secutities law. The key point in all of what I just wrote is that these groups SOLD the shares in the open market. Now, to what I believe is Bigrgub's point, and mine as well, if it is true that these groups SOLD their shares in violation of the agreements/offerings, then how is it possible for them to "give back" shares they no longer possess?! Can someone help me understand what I am missing? And I did take notice of the amount of shares as 30 million and not 25 million, so I wonder if these 30 million shares even refer to the same people? It follows then that I wonder if MORE than 281 million shares were issued (total) last year (?), or were these 30 million shares part of the 281 million? Clarity would really be appreciated?!