Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Plastics to Oil - Pyrolysis and Secret Catalysts and Alterna -- Ignore unavailable to you. Want to Upgrade?

To: scion who wrote (2205)	9/15/2010 6:42:28 PM
From: scion	Respond to of 53574

Easy for me to figure out since it's part of the DD and background i've done on JBII. I tried to put together a group of investors to buy Kidd's shares at a discount to the market price at the time. We even agreed on a buy out price. He was hurting for money big time. The whole thing fell through......why you ask?....because his shares were still restricted and couldn't be sold even in a private transaction. BRIG_88 BRIG_88 Wednesday, September 15, 2010 8:37:00 AM Re: MorningLightMountain post# 69689 Post # of 69759 ROFL!! That will get laughed out of court. The last desperate scheme of a bankrupt man with dozens of judgements against him who has had his assets frozen as the plaintiffs who have won cases against him come home to collect. siliconinvestor.com MorningLightMountain Wednesday, September 15, 2010 8:45:04 AM Re: BRIG_88 post# 69692 Post # of 69759 I'm just the messenger......but doubt much ever gets "laughed out of court", since there are protocols to follow before the laughing can happen (as with back-flipping NYDEC inspectors)..... BTW, how do you know any merits of the case yet, I have no idea what it is even about (?????) fill us average schmoes in on the scoop, please..... siliconinvestor.com BRIG_88 Wednesday, September 15, 2010 8:52:07 AM Re: MorningLightMountain post# 69694 Post # of 69759 Easy for me to figure out since it's part of the DD and background i've done on JBII. I tried to put together a group of investors to buy Kidd's shares at a discount to the market price at the time. We even agreed on a buy out price. He was hurting for money big time. The whole thing fell through......why you ask?....because his shares were still restricted and couldn't be sold even in a private transaction. So Kidd was caught between a rock and a hard place with shares he couldn't sell. He tried to have those shares unrestricted with an opinion letter from a lawyer. Denied by JBII. So gee.....wonder what the lawsuit could be about?......that answer your question? Don't know as much as you think you do....do you? siliconinvestor.com jobynimble Wednesday, September 15, 2010 8:57:26 AM Re: BRIG_88 post# 69697 Post # of 69759 You can buy restricted shares in a private transaction from someone else, who said you can't? Respond \| View Replies (1) siliconinvestor.com MorningLightMountain Wednesday, September 15, 2010 9:01:50 AM Re: BRIG_88 post# 69697 Post # of 69759 Denied by JBII how did JBII have the power to stop a private transaction of shares, restricted or not, and shares Kidd already owned????...lol, this gets done all the time, the issuing Co has no choice in the matter... PS: Don't know as much as you think you do....do you?.....of course not, that's why I ask questions, like the one above.... siliconinvestor.com xofis Wednesday, September 15, 2010 6:13:24 PM Re: BRIG_88 post# 69697 Post # of 69759 Well now, this is VERY worrisome, to say the least. There is NO such thing as "Can't sell restricted shares." Anything in this world that you own, you can sell. You may not get much for it, whatever it is, but you CAN sell. In the case of restricted shares, the buyer buys the restriction as well. In other words, the restriction goes with the shares. No ONE can keep you from selling what belongs to you. PERIOD. You may, in the case of stocks, have to take a deep, deep discount to sell because the shares are restricted. To say "whole thing fell through because his shares were still restricted and couldn't be sold even in a private transaction". Is blatantly false. I question the motive of anyone that would say that. I'm new here but we need to deal in TRUTH, IMO. siliconinvestor.com