JJB,
More specifically, the last paragraph from
abqjournal.com
>>>Also, the complaint claims that Solv-Ex failed to disclose to shareholders that the company issued 3 million shares of stock to Rendall for the purpose of obtaining financing for the company. Because of that, Solv-Ex understated the number of its issued and outstanding shares, the complaint states.<<<
Read - "SOLV-EX failed to disclose...". Were the shares registered
with the SEC, or were they simply printed up and sold? Regardless
of which one, SOLV, aka JR, broke the law by not including the shares
in the total outstanding float.
I believe that it will be shown that these shares were not registered,
and were created and sold illegally. If not, then I'll just crawl
into my hole a little deeper.
Regards,
Gary |
