Deva, You are wrong. Please call a professional advisor. Geeze, they will tell you the transaction date is the form 3 NOT THE ISSUANCE OF SHARES. The stock was not issued on that date and I do not see why you refuse to see that.
Greg Allen was issued over 400K restricted shares in April of 1999, which was the "transfer of interest" thus completing the closing for Reliance & Topher. Because he became an office in CBQI in 1999 1-4-2000 he had to file a form 3 to let the SEC know what his relations was and his total holdings. He had to file a form 3 after the anuual report. Now if you wish to go read several documents like the 1999 10K or the 8K on the Reliance acquisition or the stock structure I tracked from the transfer agent you will find April of 1999 was the issuance of stock.
The business plan is being executed exactly as the shareholder meeting conveyed back in September 2000.
The SEC has not declined anything but nothing on the complaints as of yet. They do not advertise. The NASD blew off the comlaint by Listless.
As far as not holding water I have personally talked to a lot of the 144 holders and they were daying they were not selling and the transfer agent's numbers confirmed that everytime I called to verify the stock structure.
FWIW I just talked to the TRansfer Agent & a couple of professional advisors (Brokers) You should do the same since you are confused by what you are reading.
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