At that point right there it was illegal cross tra

Quote:

---

A.L._is_retired Member Level Sunday, 12/13/15 09:00:58 PM
Re: janice shell post# 43242
Post # of 43255

"Do you have links showing that? Even if there is such a rule,"
I'm eating dinner right now, then I have some personal things to do.
I'm sure you have the skills for quickly finding the rules of processing certs on the SEC site.

The issuance of shares does not mean they can be sold the next day.
When shares are issued there must first be certs made. In this case the certs were sent to the debt holders.(and just add a note, there were at least 2 people, 2 brokers involved with what took place)
One debt holder took their certs to their broker(Alpine) and received instant share credit for their certs.This is allowable as long that broker assumes the responsibility of any actions should the certs not clear. Since those certs had not been processed through the TA the clients shares can only be sold as shorted shares.
Debt holder 2 goes to another broker and does exactly the same thing
except he decides to buy some of the shorted shares from the 1st debtor.
At that point right there it was illegal cross trading of accounts.
Enough to take before a grand jury.
There's a lot more, but right now I don't have the desire or the time to continue.

But you are great job verifying what some of the shareholders have already been told. Plus you're also proving that Carter was telling the truth when he stated it was done by third parties.

---