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temp luvs amy

04/27/10 2:38 PM

#288 RE: Potse #287

"If there was anything wrong with the way Meuse handles the filings on his RM/transactions, it is likely that the SEC already would have brought it to Meuse's or Belmont's lawyers attention at some point over the years."




You might think so, but then you might actually think that they protect small investors, too.

His form 4 shows a clear mathematical error. It states that he is a "10% owner" and that he holds "ZERO shares"

After 80 years, and so many appointments of different heads of the SEC, you might think that they forgot what the forms were intended to convey.

Thinking what you might think is a fun exercise.

temp luvs amy

04/27/10 2:58 PM

#289 RE: Potse #287

The actual rules are very difficult to read, and are very complex, but they boil down to simplicity in unsophisticated transactions.

If you purchase more than 5%, you filed 13D or 13G. You file another when you fall under 5%.

If you hold more than 10%, or are an officer or director, you file Form 4 on every transaction except those involving less than $10,000 stock value. You stop filing Form 4 if you step down, or fall under 10% and are not an officer/director.

All directors and officers are supposed to file an annual Form 5 unless all transactions were reported on Form 4.

If the SEC was enforcing this on the pink sheets, there would be a lot more filings to read, and small investors would be better protected.

With the Sarbanes/Oxley modifications, you should be able to view the holdings of every director or officer of a company within 48 hours after any transaction involving $10,000 or more.

temp luvs amy

04/27/10 3:44 PM

#291 RE: Potse #287

And if you expect that his Lawyer is some sort near-deity personna, you have a lot to learn about lawyers.