Whether they belonged to him or not he was not a registered agent. Only registered brokers can sell shares.
Also they weren't PTRZ shares. PTRZ is not Petro America Corp. PTRZ is American Southwest Music Distribution with a new symbol. The investigators have already determined that Petro America Corp never purchased ASWD/PTRZ and that anybody that said that Petro America Corp - Kansas was PTRZ was lying to you or maybe in Brian's case didn't know any better (though since he sold his shares in the fall of 2009 that doesn't seem likely - by then everybody knew).
I suggest you read the Affidavit and the latest Complaint it explains all of this very well:
While you are reading the Affidavit you will notice a section in there where Owen said that he was gifting share to anybody that asked. So you could have gotten your shares for free according to Owen Hawkins.
The original solicitations were for 100,000 for $100. Many people still got this deal through the end of 2009. Other groups had to pay either $500 or $1000 per 100,000 shares. Over 3 billion shares were gifted to people for free according to Owen Hawkins. The only people that paid more than a penny per share according to all the documentation released by investigators so far are the people that Brian Langenbach sold his shares to.
I understand you have an opinion about Brian that he is a good person. I'm not trying to dispute your opinion about him or change your opinion. I'm just stating that he broke rules and got in trouble for it. I use the terms victims because that is the term used in the regulators reports. I can't call them shareholders because the regulators have already stated that the shares were never registered or sold legally so they have absolutely no trade value and never will.
I don't know how the system works in Arizona with their Securities Commission Department. Hopefully all the restitution money that gets collected goes back to the people who paid money to Brian Langenbach for the shares and they don't keep some of it for legal fees or recovery fees. It sounds like it will all get returned assuming Brian is able to pay it all back. Consider yourself lucky if that is the case. Most of the Petro America Corp victims will only get pennies on the dollar back and some of them invested A LOT of money that they couldn't afford to lose.
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