I reread some past info and there is definitely pr
Post# of 11038
Posted On: 02/17/2016 12:39:28 PM
I reread some past info and there is definitely proof of unregistered shares. In CORs original complaint basically it says:
1) Nobilis (through Darbie: COR customer) got charged $3.3m by DTCC for 327m converted shares that were sold.
2) Beaufort who converted over 150 million shares, of which it sold over 90 million, resulted in the "wrongful retention of dividends in the amount of nearly $700,000."
While I always thought they were debited because they were short (same case with unregistered shares), why did Beaufort not receive the dividend on 60 million shares that Beaufort did not sell? Remember, DTCC that was making these allocations. Answer: because those shares should not have received a dividend as they were unregistered. Those were actually ineligible. In reading carefully it appears that COR arguments are very misleading in how they read concerning Beaufort.
Its interesting that Alpine (due to conversions from MacAllan) got charged 940,500 for 85.5m of converted shares. These appear to be additional as they are not Nobilis or Beaufort.
ALL IMHO
1) Nobilis (through Darbie: COR customer) got charged $3.3m by DTCC for 327m converted shares that were sold.
2) Beaufort who converted over 150 million shares, of which it sold over 90 million, resulted in the "wrongful retention of dividends in the amount of nearly $700,000."
While I always thought they were debited because they were short (same case with unregistered shares), why did Beaufort not receive the dividend on 60 million shares that Beaufort did not sell? Remember, DTCC that was making these allocations. Answer: because those shares should not have received a dividend as they were unregistered. Those were actually ineligible. In reading carefully it appears that COR arguments are very misleading in how they read concerning Beaufort.
Its interesting that Alpine (due to conversions from MacAllan) got charged 940,500 for 85.5m of converted shares. These appear to be additional as they are not Nobilis or Beaufort.
ALL IMHO
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I invested in Calissio Resources Group because I considered the financial statements warranted an investment. For every reader here that has been paying attention to my posts, please note the following:
1) I am not licensed to give investment advice. Everything expressed here is an opinion of my own for discussion purposes.
2) The only thing I know about the upcoming merger is that typically they are good for investors. A premium is typically offered when companies go private from what I understand. I certainly was and still am an investor before this announcement was made.
3) Finally, regarding the current OS, while there is lots of conjecture, I must rely on the only available information out there which has been presented in PRs. Therefore, OS as of the last PR was 242m. Consequently, I don't believe there is reason to believe I am a majority holder, despite recent purchases, without making a large degree of assumptions.
If anyone is wondering why I am posting this, it is because I want to make sure no one misinterprets my posts or considers I have any intent on the board other than to share potential ideas/speculate on possibilities.
I invested in Calissio Resources Group because I considered the financial statements warranted an investment. For every reader here that has been paying attention to my posts, please note the following:
1) I am not licensed to give investment advice. Everything expressed here is an opinion of my own for discussion purposes.
2) The only thing I know about the upcoming merger is that typically they are good for investors. A premium is typically offered when companies go private from what I understand. I certainly was and still am an investor before this announcement was made.
3) Finally, regarding the current OS, while there is lots of conjecture, I must rely on the only available information out there which has been presented in PRs. Therefore, OS as of the last PR was 242m. Consequently, I don't believe there is reason to believe I am a majority holder, despite recent purchases, without making a large degree of assumptions.
If anyone is wondering why I am posting this, it is because I want to make sure no one misinterprets my posts or considers I have any intent on the board other than to share potential ideas/speculate on possibilities.
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