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seek the light

10/16/10 11:29 AM

#225902 RE: kobiashi2000 #225845

I disagree with your disagree. The shares have been reported to the SEC as owned by FAB since 2004 when Offor paid off his loan with them. Shares held as colleteral by a bank remain in the owners [debtor] name as they can be reclaimed by the debtor repaying his loan. I do not believe Offor would be in effect filing false reports of not claiming the full amount of shares he owns to the SEC. Under the circumstances that have prevailed since May 2006 doing so would be lunacy. And Offor is not dumb.

Now it is possible Offor han been trying to repurchase these shares from whomever now has control of them.