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GreenForest

04/09/10 7:16 AM

#212718 RE: jonesieatl #212717

I remember someone posted months ago, something about how the CEO illegally increased YA's number of shares of stock (they missed a time deadline to convert certain shares, but did it anyway, plus,CEO gave YA many more shares than what he reported to shareholders in an SEC report - moved the decimal over several places in YA's favor). By breaking rules, YA (and CEO) declared YA to have the majority vote in this stock. If this is so, then I guess the only stock rules that apply are the ones contrary to investors, all the rest don't apply, and the purpose of SEC reports is to create illusions to bate potential investors. What a racket! So, if the majority of the stock market is crooked, then our society is falling down on the job to neglect to tell people. Should start letting them know in the public schools, at least at the high school level.

In any case, does anyone know what date this reverse split is supposed to take place?

lesnshawn

04/09/10 7:36 AM

#212719 RE: jonesieatl #212717

jonesie: Stuff like this takes place all the time w/ companies who are publicly traded. I really don't understand why some folks seem so surprised and appalled that it happens here as well. Are we that different? No.

It's business as usual from what I can tell for here or anywhere else, pennyland or the big boards.

lns