Replies to post #7978 on D Mecatronics Inc. (fka DMTA)

[MyBluC4]

I don't know at what point accountability to shareholders kicks in, but I do know its far past due. What I don't understand is how this company is not obligated by rules at best and the law at the very least, to disclose relavent information to shareholders. I have no problem rewarding high level performance in the executive ranks, but I would like to see a record of that performance. The conduct of this company has always been suspect. Recent disclosures on this thread has blown away any thread of disclosure/honesty from these clowns.
Disgraceful. I would be OK losing money on a gamble here if I at least felt there was some level of stewardship or demand for disclosure by proper authorities.

[Rev Kilgore Mullet]

All of the shares reported as held by the Dinos & Drasko were restricted at one time. For non-reporting companies, the holding period is one year before restricted securities can be sold. One of the requirements of removing the sale restriction under Rule 144 is that adequate current information must be provided. Are the pieces as they relate to the "new transparency" starting to fit together?

As for an explanation of the precise numbers such as the 30 million shares mentioned, who knows. The information provided in the adequate disclosure doesn't foot in some instances, is presented out of chronological order in other instances and has enough information gaps that a rollforward of restricted and nonrestricted shares outstanding is not possible. One of the few things we can tell with any certainty is that Dino Sr. reports 10 million fewer shares than he did three months ago.