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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?

To: StkProfit$ who wrote (29171)	3/12/2000 10:19:00 AM
From: Ga Bard	Read Replies (1) \| Respond to of 52051

I have talked to John about that Thursday ... see my post on RB ... he is working diligently one the following items. 1.) The 10K because it is the first filing explaining the focus and direction of the NEW CBQI. This document will also answer a lot of questions in the comment process for the NASDAQ regulator (analyst) asigned to the application. 2.) Fully answering the questions of NASDAQsc which they have a heads up on but no one can assure anyone what time frame the comment process takes. 3.) the analyst is going to know that the DTC shows 1.7M difference and that alone may put pressure on someone. Once a regulator smells an uh oh things get interesting. 4.) Closing on deals that have been announced and executing the business plan which is in the finalizing stage and should be available when the 10K comes out. 5.) Address internally the 1.5M unaccountable shares which he said he had 3 attorneys working on it. 6.) They (Capital House mainly) are pursuing financing 7.) Getting out information that has been request and I assume brokers and financial institutions. Bottom line is we now have a NASDAQsc analyst (regulator) going through everything with a fine tooth comb and I figure the 10K will finish answering the comments CBQI has received. According to Rule 145 and Rule 144 the core group could be selling 1% of the last four week volume a day which amounts to about 2000 shares so that would since Novemeber 20,1999 after the first year of the two year restriction. Now through they can file 1% of the outstanding they can only sell 1% of the last 4 weeks. Most OTCs I figure do not give a flip about the last four weeks but because of the application to NASDAQsc someone could have screwed up ... Also shorting an OTC is illegal and the only way the 1.5M could be done is a broker is shorting against a legend thus carrying a massive short position. Remember just because you can talk a broker into shorting against restricted stock does not mean that the legend will get lifted because it requires a legal opinion to lift the restriction. If a broker is dumb enough to do it then the market has a way of catching them ... Most of the Brolers charged with selling restricted or unregistered security get caught in a NASDAQ application where a regulator gets involved ... That is how I understand it. SO the broker could get nailed for shorting an OTC Plus shorting against restricted shares which both are illegal. Just waiting ... but that is the only way a 1.5M unaccountable could exist on this stock and John is pursuing it internally with 3 attorneys. GAry