Replies to post #9453 on Shot Spirits Corporation (fka SSPT)

[stuij]

Two officers own preferred shares, and if they sold that is insider trading and they needed to file something with SEC to do it.

Ok, fine, now the fact still remains, that they still haven't sent out new shares to old shareholders. No shares are settled, that I know of. That is what is different about this one. If everybody had their old shares converted, yeah, I wouldn't post one thing on this board or this stock. Old shares aren't yet converted.


Yeah, I mean fines and jail time would be too much to risk that.

Read this:

http://books.google.com/books?id=iYuh-gfnwb0C&pg=PR28&lpg=PR28&dq=insiders+preferred+shares+law&source=bl&ots=cs4DvfEabi&sig=SObYNEvnXaP6MY-gAMt1t5_L-1U&hl=en&ei=3gYFTcb0N8Kclgf8xdmACA&sa=X&oi=book_result&ct=result&resnum=4&ved=0CCIQ6AEwAw#v=onepage&q&f=false

[$tockJunkie]

It just doesn't seem very plausible unless they have a death wish to go straight to jail. Public info on this company is limited and they display this warning on the pink sheets website for this stock.

http://www.otcmarkets.com/no-information-warning

That is assuming they would even have the opportunity to do so, which I believe they would not. They would most likely still be pre-split shares until the paper certs come through and put them in the same naked short sell situation we likely see here.