sirocco, I will not continue, after this post, with any dialogue defending or disputing anything you might want to add to what i am about to say...so take it or leave it...Hendu is correct.
1. everyone on this board has had the opportunity to purchase qtrax shares...totally legal...nothing illegal about the offering which AK has made to private investors.
2. there was a minimum number of shares to purchase to qualify for the private placement in qtrax shares. When i purchased my shares it was $50,000 shares @ .50 . Totally legal transaction under the rules and regulations of the SEC. Nothing usual about this type of venture capital solicitation to investors....very risky... much more so than purchasing stock on the open market...IMO!
3. once the exchange was made I owned shares of Qtrax...if Qtrax never goes public then i guess i am out my investment. If and (i hope) when it eventually goes public i will have to maintain a minimum number of days (usually 6 months) before my shares can be traded on the open market...
The shares that we all own in blln are publicly traded shares you can call your broker and he will (at your request) send you your shares (certificates)of blln....but by doing so you will take those shares out of the street name and you will be holding a certificate equal to your the shares which you have accumulated in blln. this is call placing your shares in sage keeping...they are no longer listed as public held stock...but you have the certs to qualify and quantify your investment in blln....if the stock were to go to say $1.00 per share tomorrow you would not be able to trade those shares until you put them back in the hands of a broker so that they can be once again be place in street name....by the time you executed this transaction the stock could have dropped back to it original PPS leaving you out in the cold.
This process can take weeks not day or hours but weeks....so gamble if you will...request your certs in blln...and then hold them in safe keeping....smart move and one that you should feel very comfortable with since you are so concerned with certs that you feel the company owes you.
a private investor who purchases stock on the open market as we have all done...has the luxury of trading those stocks minutes, hours, days, weeks or months later to either make a profit or lose his or her investment...that is how the market works...investing 101.
so please stop with your crying and winning about how you think you should have certs of blln in your possession...do your home work...google what i have explained, if i am wrong (which i could be) correct me with documentation to support your opinions. If you can not find documentation to support your posts please leave the rest of us alone....we are tired of your inability to comprehend how the stock exchange works day-in and day-out with trading and how the sec works...and the country you are trading in is no different than any other...it is a global trading system not unique to the US stock exchanges.
as is stated in my opening response to your post...this is the last time i will make an attempt to clarify or simplify this subject of qtrax certs vs blln certs....
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