"An ochestraded run-up?How did you know that? Sold? Were there not restrictions against sale? But, hell, what do I know about DD, right?"
When the first big lie fails, a second, bigger lie has to replace it to get everyone's minds off the first big lie.
The shares in the PPM are restricted. I just finished reviewing the discussion here...ww's posts to barb are particularly uninformative, since he does not know what he is talking about. Being much more careful than the local liars, he qualifies everything he has to say on the subject. At least he is not as stupid as they are.
If anyone is interested, if they go to the trouble of reading the PPM, they will see that the shares are bought with a view to investment and not resale, the shares are unregistered, and are sold by the company to accredited investors based on an exemption from registration, which is why they are restricted.
(In answer to Barb's question to ww about filing 144 paperwork when the shares are sold:) They can be sold after a year, with 144 paperwork PLUS a legal opinion from the company's securities attorney, PLUS approval from the company, PLUS they have to be sold in a broker transaction on the open market, within a short time period. Without the above items, they can be sold ONLY after two years.
Anyone who tells you differently is not telling you the truth.
The reason I know about this is because I had shares in just such a situation, as have several of my clients...NOTHING beats personal experience, not even big lies from big liars.
PCM
GO PABN!!! |
