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investor_61

05/23/12 10:08 AM

#12884 RE: Peggy #12883

...and if someone did buy up those 219 million shares on the ask at .0002, you'd soon find another huge block of shares on the ask, at the same level. People would cry and whine about "the shorts" keeping the PPS down but the reality would be, the shares came from insiders, who are able to simply issue stock and sell it. Welcome to the Pink Sheets!

This is exactly why FOGC is no longer DTC elegible. Huge volumes of unregistered (Rule 144) stock being sold was the trigger that caused DTC to cancel FOGC's DTC eligibility.