Makes one wonder. Any time shares are moved thru the ATM there has to be an announcement made. Can shares that are unregistered by the buyer come from the ATM pile of shares? I would think it has to since those were the shares that were authorized going forward and you cannot just create shares from thin air.
I think there was some language in the ATM agreement about the shares being used at the company's disgression. Since these shares aren't being sold ATM maybe there does not have to be any sort of announcement as to where the shares came from.
Since the shares are not registered I believe they cannot be sold at market.
Is it possible these shares since not registered are being "loaned" in a sense to whom ever bought them to be bought back by the company at a later date and put back on the shelf?
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