Thanks for the insight. Something fundamental IS happening, which makes this very dicey. The big question is when will the fundamental changes become known to the market? I personally hope it is before the shorts are able to cover. Let them try again at higher levels...;-)
Form D is also known as the Notice of Sale of Securities and is a requirement under Regulation D, Section 4(6) and/or the Uniform Limited Offering Exemption of the Securities Exchange Act of 1933.
This act, often referred to as the "truth in securities" law, requires that these registration forms, providing essential facts, are filed to disclose important information upon registration of a company's securities. This helps the SEC achieve the objectives of this act - requiring investors to receive significant information regarding securities offered and prohibiting fraud in the sale of the offered securities.