OK sagan, you've got my attention. I usually DON'T agree with you, and I'm not sure WHAT to think about this now. I do respect everyones right to their opinion and I feel having those opposing opinions is what makes us rich.
Now.... I re-read the link and found this in the very begining of it under "Summary 1.)"
Since at least August 2009, Defendants have engaged in a scheme to purchase billions of shares of stock from small companies and illegally resell those shares to the investing public, without complying with the registration requirements of the federal securities laws.
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So it appears that you MAY be correct here. The shares MAY have come from SGCP and not from a MM. I don't understand what the upside would have been for Doug or John to have done this, unless the discount to Bronson was less than the discount given to the MM's.
It appears that this would have been legal, and perhaps it happens from time to time, as long as the proper paperwork is filed and the stock is held for a period of time before reselling it.
After re-reading it, I still believe that the fault is with Bronson and NOT with SGCP. And I believe that all of these sales were properly reported from SGCP side with the form d's.
Still... we NNED to hear from Doug what is going on with this.
Charlie
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