Replies to post #6767 on SGD Holdings Ltd (SGDH)

[Ole Broke Azz]

not sure where you got your information, but SGDH is a pink sheet company and any 144 shares that are issued are restricted for one year from the date of issuance.

The CEO has opted not to dilute for financing and in my book that is a good thing. In this he has stated his distaste for 504 financing ,which in my book is another good thing.

[zigzagman]

interesting reply...

I had to read it a few times to "get it"...

But now that I do, the concept is fairly simple...

And I'll leave it up to the company to do what's right...

I'm no back seat CEO...never wanted the job...

I figure they know what they're doing...

Better than I ever would...

Thanks! for the thoughtful reply...

[Ole Broke Azz]

not sure how much you know about the issuance of shares by a public company, but a company can not just issue free trading shares. The only way that free trading shares can be issued legally by a pink sheet company is through a Reg D filing (504, 505, or 506)and in reality those are not supposed to be free trading either...even though they are issued with out a restricted legend they are considered investment stock and because of that should be held long enough to be considered an investment...this is why Mazuma (one of the largest 504 funders) is currently in court

The only other way that free trading shares can be issued is through debt conversion or note conversion and in both cases the debt and the note must be over 1 year old in a nonreporting company.

I for one don't want any shares added to the float (float means free trading shares). If the company issues 144 restricted shares (one year hold) I can live with that. We got a good look at what activity breeds last week and I would rather just see a nice steady climb with and average of $10,000 to $20,000 worth of stock traded each day. Keeps out the riff raff