"...and because it identifies third-parties that w
Post# of 11040
Posted On: 04/30/2016 4:20:34 PM
"...and because it identifies third-parties that were unjustly enriched by Calissio’s scheme and from whom funds must be recovered to remedy the harm caused to COR Clearing."
They are definitely going after shareholders. Your argument appears to be that since others could have prevented this from happening it should be their liability. CORs argument is that the ultimate beneficiary should return the funds. Its not THAT absurd. Legally though, a party who PURCHASED those shares IN GOOD FAITH, should not be ultimately liable, given that others could have prevented it from happening and there was consideration exchanged in a transaction (or a series of transactions) that won't be reversed (therefore the accounting would be unfair). Anyone who reinvested their dividend did not obtain a NET GAIN from those funds (as under the same premise Calissio would have taken those same funds from you by disappearing) therefore should be in the clear. The rest of shareholders on the other hand may need someone to represent/defend their interests.
ALL IMHO
They are definitely going after shareholders. Your argument appears to be that since others could have prevented this from happening it should be their liability. CORs argument is that the ultimate beneficiary should return the funds. Its not THAT absurd. Legally though, a party who PURCHASED those shares IN GOOD FAITH, should not be ultimately liable, given that others could have prevented it from happening and there was consideration exchanged in a transaction (or a series of transactions) that won't be reversed (therefore the accounting would be unfair). Anyone who reinvested their dividend did not obtain a NET GAIN from those funds (as under the same premise Calissio would have taken those same funds from you by disappearing) therefore should be in the clear. The rest of shareholders on the other hand may need someone to represent/defend their interests.
ALL IMHO
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PLEASE READ IF YOU READ MY POSTS
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.