Interesting, that's what I sorta figured from day 1. If anything gets cancelled it has to be everything back to the 12th...before the T/A issued split stock on the 13th....still a messy situation even if that happens.
Posted by: Jim Bishop In reply to: Mike2112 who wrote msg# 43771 Date:5/17/2005 12:57:02 PM Post #of 60791
Probably WORST that can happen to us is trades get cancelled....but damned if I know for sure.
The Pink Sheets CEO whining about previous regulatory gaps?? Remember, companies on the Pink Sheets are "non-filers by choice" they are there for the sole purpose of AVOIDING regulation and filing requirements.
This letter is disingenuous hypocracy. The Pink Sheets wants more regulatory authority? Like to halt shady operators and misinformation from being a factor in their market? Ha ha -- right! Whey the hell do you think the damn thing exists? The Pink Sheets exists solely on the principle of laissez-faire taken to the bloody extreme.
Oh, and I'm sure the head cheese at the Pink Sheets R. Cromwell Coulson carries a lot of sway with the SEC. So that letter will get prompt attention at the rafters of the SEC. They can turn it into a paper airplane up there on the top floor, throw it off the roof, and see how far it flies...
The KEY PHRASE in the whole thing is this, and only this:
...Pink Sheets is not a regulator and has no authority to cause that result...
The Pink Sheets liontamer is trying to calm the savage beasts that make a market with them. This has got to have made their coven very nervous -- and now their Chairman is calling for more regulation?
* Where is his outrage about the elimination of minority shareholders ? * Why did he conveniently "FORGET" the part about the spin off to themselves of a POS nobody wanted anyway * How did he forget to mention that the buyout price of .0005 was undervalued by about a factor of FIVE ? * How come he failed to bring to light the MERGER which occurred ? * Why did he fail to highlight the fact that the TRANSFER AGENT delivered stock prior to the payment date ? * Why does this guy not bring up when other folks sell without 144s being filed? Happens all the time and they overlook this. First time it is to their benefit it is used as an excuse. * The company THEN decided to do a 3M to 1 FS like it was an AFTERTHOUGHT and not part of the original plan? Give me a break. What a POS. * He seems to forget many agencies and other organizations were NOTIFIED and they DID NOTHING.
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