Court asks Bob Quiel questions regarding Sylver's stating the stock was in good standing. Quiel responds it is based on merits, not what an officer writes...
THE COURT: Counsel, if I can ask just one last
4 question. With respect to this stock, if in May of 1998 an
5 officer of Amazon indicated that this stock, that is to say
6 Amazon's stock, was in good standing and not subject to any
7 hold restrictions, would that be an honest statement?
8 THE WITNESS: In this particular case?
9 THE COURT: Yes. In this case, specifically.
10 THE WITNESS: If they said it was good stock?
11 THE COURT: If they said it was stock in good
12 standing and not subject to any restrictions.
13 THE WITNESS: Well, my only thought about that is
14 that the president of the company can't meet the
15 registration requirements. I mean --
16 THE COURT: So that would not be, assuming
17 everything has been described in your testimony.
18 THE WITNESS: In other words, the stock either
19 meets the registration requirements on its own merits or
20 not. And the president of the company can't say, yeah, it's
21 free-trading stock° |
