What Ken SHOULD HAVE DONE was advise his Shareholders of Record that THEY HAD TO HOLD THEIR SHARES until an Ex Date was set by the S E C. HE DID NOT !! So much for caring for his Shareholders. This is a FACT !!!! I think he did all this deviousness ON PURPOSE to discourage loyal shareholders from selling -- SO HE COULD SELL HIS MORE EASILY. And I think it has worked out nicely -- FOR HIM. Now it's a growing MESS. Some lucky shareholders are able to sell RIGHT NOW. Some loyal people are NOT able. Yes of course there will be moans and groans soon. Is this FAIR ? ABSOLUTELY NOT !! This whole thing was soooooo badly handled. MR. GUMP
That's right. TSX suggests that if Ken was listed there (haha) should have done just that. To bad he doesn't care...
"If the new issuance of securities is unavoidable, listed issuers should take steps to ensure that holders of these new securities are aware that they are not fungible with the listed securities until after the due bill trading period has ended. " http://www.tmx.com/en/pdf/venture_bulletins/Dec10-Due-Bills.pdf