I think its really a moot point they are arguing.
Post# of 11038
Posted On: 03/08/2016 2:41:08 PM
Re: TheSummerMan #9092
I think its really a moot point they are arguing. If COR knew about the "ineligibility" for the dividend as Salas states, it should have told or confirmed with DTCC that these shares did not contain due bills.
COR can argue liability lies with transfer agent or its clients though. CRGP is not at fault.
The problem is that since this is a special dividend according to FINRA, per my post 9093, then COR has just admitted fault for not knowing the rules.
Once again COR can blame transfer agent or its clients but its a tougher sell. Since CRGP was not issuing new shares but converting based on a request by creditors, its once again not at fault.
CRGP I believe will come out once this mess is put to rest.
ALL IMHO
COR can argue liability lies with transfer agent or its clients though. CRGP is not at fault.
The problem is that since this is a special dividend according to FINRA, per my post 9093, then COR has just admitted fault for not knowing the rules.
Once again COR can blame transfer agent or its clients but its a tougher sell. Since CRGP was not issuing new shares but converting based on a request by creditors, its once again not at fault.
CRGP I believe will come out once this mess is put to rest.
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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