(Total Views: 324)
Posted On: 12/23/2020 6:49:20 PM
Post# of 11040
Thank you Discovery...kicking ass with the facts as usual!
DiscoveryStock Member Level Wednesday, 12/23/20 03:40:19 PM
Re: janice shell post# 48239 0
Post #
48241
of 48242
Completely false and misleading. Note holders were converting a toxic note and dumping into the market. They decided to dump in the middle of a dividend distribution. COR (the clearing house) didn't warn them about the special dividend conditions.
The company was not obligated to have those shares under a new CUISP. Note didn't specify the conditions.
DTC modified the dividend date according to the rules of the exchange and charged COR for the balance of the excess shares.
DTC enforced the rules but any disagreement in the conditions had to be resolved by a court. It went to court and judge found COR and the noteholders at fault. Went to appeals and same thing. See the sticky with the court ruling.
https://investorshub.advfn.com/boards/read_ms...=160442566
Ref to Sticky
DiscoveryStock Member Level Wednesday, 12/23/20 03:22:04 PM
Re: None 0
Post #
48240
of 48242
Complete document of the Appeal lost by COR (the clearing house for the dumping of shares)
https://drive.google.com/file/d/1CDc49IEHZoez...-j4JI/view
Nebraska Court dismissed the case. COR sent it to the court of appeals. The judgement was ratified. COR lost for a 2nd time.
Read it. Listen to opinions of sleepless posters if you want but these are the facts.
Best line in the entire document: "A villain has no conversion claim against a victim for property paid or transferred to remedy the villain's misconduct."
$CRGP
DiscoveryStock Member Level Wednesday, 12/23/20 03:40:19 PM
Re: janice shell post# 48239 0
Post #
48241
of 48242
Completely false and misleading. Note holders were converting a toxic note and dumping into the market. They decided to dump in the middle of a dividend distribution. COR (the clearing house) didn't warn them about the special dividend conditions.
The company was not obligated to have those shares under a new CUISP. Note didn't specify the conditions.
DTC modified the dividend date according to the rules of the exchange and charged COR for the balance of the excess shares.
DTC enforced the rules but any disagreement in the conditions had to be resolved by a court. It went to court and judge found COR and the noteholders at fault. Went to appeals and same thing. See the sticky with the court ruling.
https://investorshub.advfn.com/boards/read_ms...=160442566
Ref to Sticky
DiscoveryStock Member Level Wednesday, 12/23/20 03:22:04 PM
Re: None 0
Post #
48240
of 48242
Complete document of the Appeal lost by COR (the clearing house for the dumping of shares)
https://drive.google.com/file/d/1CDc49IEHZoez...-j4JI/view
Nebraska Court dismissed the case. COR sent it to the court of appeals. The judgement was ratified. COR lost for a 2nd time.
Read it. Listen to opinions of sleepless posters if you want but these are the facts.
Best line in the entire document: "A villain has no conversion claim against a victim for property paid or transferred to remedy the villain's misconduct."
$CRGP
(3)
(0)
U.S. Constitution
"The Preamble
We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America."
Oath
"I solemnly swear to support and defend the Constitution of the United States of America"
The Flag
"I pledge allegiance to the flag of the United States of America, and to the republic for which it stands, one nation under God, indivisible, with liberty and justice for all."
"The Preamble
We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America."
Oath
"I solemnly swear to support and defend the Constitution of the United States of America"
The Flag
"I pledge allegiance to the flag of the United States of America, and to the republic for which it stands, one nation under God, indivisible, with liberty and justice for all."
Quote:
If the broker-dealer fails to deliver for 13 days, the regulation imposes a “close out” duty to purchase and deliver securities “of like kind and quantity.”
https://www.bloomberg.com/opinion/articles/20...ify%20wall
https://www.scotusblog.com/case-files/cases/m...v-manning/
