Replies to post #24638 on lowtrade

[$Green$]

Wow, thanks I had no idea that filings could be found there? Filings are the same no matter where you find them lol. What is wrong with folks' comprehension skills around here? I was talking about share structure on OTCmarkets, which is oftentimes inaccurate, as it was in this case where lowtrade referred to it as though it was the gospel truth without CHECKING the filings.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=66349054


Lowtrade also answered this question "Can you tell me that if those shares are restricted or not?"

with this INCORRECT answer: "Yes resticted shares would be reported as such. This reports direct ownership of common equities."

Here is his post: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=66295418

I don't like when folks post INCORRECT info when the CORRECT info is right in the FILINGS. So I posted this to rectify the situation:

Sorry, incorrect. READ the filing:
16. Shares Legend . The issuance by Smart-Tek Solutions Inc. of any Shares to Marketing Partner will be made in reliance on an exemption from the registration and prospectus filing requirements contained in Rule 506 of Regulation D. The Marketing Partner acknowledges that any Shares to be issued pursuant to the terms of this Agreement are “restricted securities” within the meaning of the 1933 Act and will be issued to the Marketing Partner, in accordance with Regulation D of the 1933 Act. Any certificates representing the Shares will be endorsed with the following legend in accordance with Regulation D:


“THESE SECURITIES HAVE NOT BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE AND HAVE BEEN ISSUED IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS.”

Whether you believe restricted shares can be sold into the public float is up to you, I know it has happened, and most OTC stocks are scams to begin with, but for him to say the shares are not restricted because he thinks they would show as such on OTCmarkets insider transactions is FLAT OUT WRONG. I don't like that. That is all.