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10/20/08 6:02 AM

#26632 RE: Farmboynate #26629

Very interesting! I did not understand each single word, respectively the completely interrelation of all (to bad my English).
As I understood, the victim company is basically powerless against NSS and there is not much they can do to force the NSS to cover the shorted shares?

Did I understand it right; the only way to force them to cover and that with 100% success is one of the following actions???;

"As long as the victim company can continue to pay the monthly burn rate, then the game plan becomes to make some of the strategic moves that hundreds of victim companies have been forced into doing which includes name changes, CUSIP # changes, cancel/reissue procedures, dividend distributions, amending of by-laws and Articles of Corporation, etc. Nevada domiciled companies usually cancel all of their shares in the system, both real and fake, and force shareholders and their b/ds to PROVE the ownership of the old “real” shares before they get a new “real” share. Many also file their civil suits at this time also."


Or are there still further legal loopholes that can be used to avoid covering even when one of these actions was taken?


In the case of RCCH; the uplist could be a comparable action?



Thanks,...
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10/20/08 1:26 PM

#26677 RE: Farmboynate #26629

Have you an idea about my asked question below? Thanks!


"As long as the victim company can continue to pay the monthly burn rate, then the game plan becomes to make some of the strategic moves that hundreds of victim companies have been forced into doing which includes name changes, CUSIP # changes, cancel/reissue procedures, dividend distributions, amending of by-laws and Articles of Corporation, etc. Nevada domiciled companies usually cancel all of their shares in the system, both real and fake, and force shareholders and their b/ds to PROVE the ownership of the old “real” shares before they get a new “real” share. Many also file their civil suits at this time also."


Are there still further legal loopholes that can be used to avoid covering even when one of these actions was taken?