So everyone has had a few days to digest the legal and sleep on it a bit.
Quote:phx_invest Saturday, 08/29/15 05:48:29 PM
Re: None
Post # of 27797
So everyone has had a few days to digest the legal and sleep on it a bit.
Now ask yourself, if COR was interested in only getting the $4m back and knowing CRGP said they would be giving it and was working with DTCC on it, why would COR be trying to throw everything and the kitchen sink at CRGP if they didn't have an interest outside of the 4m payment. COR couldn't wait one day and had this legal action was waiting for them to file. Short positions needed to be closed by end of month which is Monday
COR's clients were the toxic debtors for CRGP and COR was the one clearing the shares on their behalf. It is almost unheard of that MM shorting doesn't also follow with the dilution of the shares into the market.
COR has been fined $1m from FIRNA for not properly reporting accurate numbers and reporting liquidity. Hmmmmm Below is an exerpt regarding that with a link
"FINRA also found that COR made numerous financial reporting errors over the four-year period, including repeatedly making erroneous customer reserve and net capital computations, and filing inaccurate FOCUS reports with FINRA. In addition, FINRA found that COR had committed an extensive list of supervisory violations, including failing to establish adequate supervisory systems relating to Regulation SHO, the outsourcing of back-office functions, and the firm's funding and liquidity. Finally, FINRA found that COR failed to retain and review emails of one of its executives and failed to ensure that its president was properly registered as a principal."
https://www.finra.org/newsroom/2013/finra-fin...y-failures
Now, I'm saying this legal stuff is good for CRGP or personally glad that it happened. Its an observation and food for thought
Calissio Resources Group, Inc. (CRGP) Stock Research Links
