This entire case has been fascinating to me since it began a year ago, and has only gotten more intriguing as the months go by. There have been so many unexpected twists and decisions made that could not have been predicted. So which players are acting most strangely? Here's my list, in descending order -
1. COR - Could have moved immediately a year ago for FINRA arbitration, or litigated against DTCC. Instead, has spent a minimum of 6 figures in legal fees for a year to push forward a case and subpoenae in Nebraska, New Jersey, and Florida.
2. DTCC - Could have easily intervened in late August 2015 to avoid or greatly reduce the impact of this mess, instead refused to intervene. Recommended appointing a receivership which the judge denied. Provided highly confidential data under seal thru COR to the Nebraska case and was deposed by COR in the case.
3. Nobilis - Sells just 277 million of the 327 million shares it received in the debt for equity transaction with CRGP during the trading window leading up to the ex-dividend date, despite high liquidity of incredible volume during that time. Why hold on to 50 million shares or wait until later to sell them? And since then, apparently stopped doing business at all, seemingly just gone quiet.
4. Adam Carter - Sends a key email response to COR in just 5 minutes, asks Darbie not to suspend Nobilis' account, then ends all communication.
5. Jason Bogutski (TA Signature Stock Transfer) - Retired as limited member of DTCC in July 2014, quietly stipulates as the defendant to everything plaintiff COR files in the Nebraska case.
6. NFS - When subpoenaed in January, immediately agrees to COR's demands, yet won't make payment without a 'court order'. Doesn't mention FINRA arbitration. Could have quietly paid up 6 months ago but now as a defendant faces legal expenses and public ruling.
Thru all of this Ihub as acted most 'predictably', aggressively defending itself and its posters against a subpoena while many posters continually expound on the fraudulent nature of CRGP. COR's motion to compel revealing the identity of 54 posters in Exhibit E filed in April includes this explanation for whom COR is looking for:
"These particular individuals were identified as each has posted one or more message that evidences they were unjustly enriched by the fraudulent scheme (that is, they are one of the Calissio stockholders who received dividend payments to which they were not entitled, which dividend payment was deducted from COR Clearing, LLC’s account); in some instances, the individuals may have even actively participants in the fraud."
Interestingly, I was on that list, and there is absolutely no way any paralegal could interpret that I 'received a dividend payment or was an active participant in the fraud' after reading all of my posts. Janice Shell was also on that list, as was a friend of mine who merely questioned the legal strategy of COR and has never purchased CRGP shares. What will COR do next? Who knows, but this is one more reason why COR is at the top of my weird list.
1. COR - Could have moved immediately a year ago for FINRA arbitration, or litigated against DTCC. Instead, has spent a minimum of 6 figures in legal fees for a year to push forward a case and subpoenae in Nebraska, New Jersey, and Florida.
2. DTCC - Could have easily intervened in late August 2015 to avoid or greatly reduce the impact of this mess, instead refused to intervene. Recommended appointing a receivership which the judge denied. Provided highly confidential data under seal thru COR to the Nebraska case and was deposed by COR in the case.
3. Nobilis - Sells just 277 million of the 327 million shares it received in the debt for equity transaction with CRGP during the trading window leading up to the ex-dividend date, despite high liquidity of incredible volume during that time. Why hold on to 50 million shares or wait until later to sell them? And since then, apparently stopped doing business at all, seemingly just gone quiet.
4. Adam Carter - Sends a key email response to COR in just 5 minutes, asks Darbie not to suspend Nobilis' account, then ends all communication.
5. Jason Bogutski (TA Signature Stock Transfer) - Retired as limited member of DTCC in July 2014, quietly stipulates as the defendant to everything plaintiff COR files in the Nebraska case.
6. NFS - When subpoenaed in January, immediately agrees to COR's demands, yet won't make payment without a 'court order'. Doesn't mention FINRA arbitration. Could have quietly paid up 6 months ago but now as a defendant faces legal expenses and public ruling.
Thru all of this Ihub as acted most 'predictably', aggressively defending itself and its posters against a subpoena while many posters continually expound on the fraudulent nature of CRGP. COR's motion to compel revealing the identity of 54 posters in Exhibit E filed in April includes this explanation for whom COR is looking for:
"These particular individuals were identified as each has posted one or more message that evidences they were unjustly enriched by the fraudulent scheme (that is, they are one of the Calissio stockholders who received dividend payments to which they were not entitled, which dividend payment was deducted from COR Clearing, LLC’s account); in some instances, the individuals may have even actively participants in the fraud."
Interestingly, I was on that list, and there is absolutely no way any paralegal could interpret that I 'received a dividend payment or was an active participant in the fraud' after reading all of my posts. Janice Shell was also on that list, as was a friend of mine who merely questioned the legal strategy of COR and has never purchased CRGP shares. What will COR do next? Who knows, but this is one more reason why COR is at the top of my weird list.
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