Here's something interesting. I'll go into it at greater length tomorrow, but for the moment I'll offer a summary.
Mike Sylver is being questioned by Bruce Judd about the 540,000 shares of AZNT stock that were issued to Michael Zapara (or to Alexis International). Mikey admits that he had an agreement with Zapara by the terms of which AZNT would in fact give him stock as a consulting fee. Mikey claims, however, that AZNT never signed the agreement (though there IS a signature on it) and so it was invalid. He further asserts that Zapara then forged documents which he used to persuade the transfer agent to issue the stock in question.
The judge asks Judd where all this is leading. Judd replies:
21 MR. JUDD: Your Honor, again, it's offered under
22 12(4) (b)406, part of routine and practice of this particular
23 entity to go through this process to cause disruption in the
24 stock price.
25 What they do is they send and issue shares, then they
ASSOCIATED REPORTERS OF NEVADA (702) 382-8778
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1 complain that it was issued improperly. Then they attempt
2 to persuade DTC, not even persuade, demand DTC and other
3 brokerage firms to cancel the shares, and then they sue.
4 And it is part of what this case about. This is how
5 they do business.
6 THE COURT: For that limited purpose, I will
7 receive it, Counsel.
lololol. Ain't it the truth? |
