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bobby393

04/24/13 5:02 AM

#12095 RE: Pennystomper #12094

In other words, Buy-Your-Own Dividend?
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kex0414

04/24/13 8:44 AM

#12097 RE: Pennystomper #12094

It's a crime of intent to mislead (1)........because they know they had zero cash revenue (2)........and could not remain a going concern without finding money (3).........Then they say there going to pay .01 div. for the sole reason of selling shares (4)...... Then to cover it all up they added a note in the 10-k that they planned to sell shares....... Will dividend come no!!! Will this fall, yes!!! (5)



(1) To intentionally or frivously mislead
(2) What they had is unimportant; it's what they expect to have at the time stated that is material
(3) This is standard boiler-plate in filings
(4) It is unknown at this time that that was their reason; sole or otherwise
(5) quod erat demonstrandum, or more properly; hoper edei deîxai

I'm not defending them, because at this point in time there is nothing to defend. I see no cause of action until the date has passed with no dividend. Even then it becomes a point of proof of intent. Here's where past actions come in to play to show a patern of deceit.

Don't misunderstand my position. I have a small investment here and in the "sister company" and am cautiously optimistic. It's a long shot. If I make money; great. If I don't; too bad. Either way I am not going to fret and kvetch about it.
Pull your investment or wait for the outcome.