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  4. Trans-Pacific Aerospace (TPAC) Message Board

In order for an insider to bring “an unlimited n

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Post# of 22940
(Total Views: 439)
Posted On: 07/04/2020 10:17:23 PM
Posted By: wrmckay
Re: Steel Reserve #22443
In order for an insider to bring “an unlimited number of shares” into the market, that insider must have free trading shares. All shares held by insiders are necessarily restricted. It’s the law. An insider can only have the restriction removed from shares through a transfer agent. Currently, TPAC has no transfer agent. But let’s assume for the sake of discussion TPAC had one. TPAC insiders would have to put those shares to market through a brokerage firm and presently, there are no brokerage firms in the World accepting shares with a value below 5 cents and certainly not a value of 0.0001. Furthermore, if as you say, TPAC insiders had unlimited shares, the restriction can only be removed for 90 days and the number of shares that can be freed up is a small fraction of the average number of shares traded by the public for a prior period. That’s also the law. So even if there were a transfer agent and even if there were a brokerage firm that would take the shares, there would be no shares for which the restriction could be lifted, because there has been no volume for an extensive period of time. And by the way, both transfer agents and brokerage firms carefully monitor those numbers. If any shares are trading now, they are strictly retail shares. So either you’re sadly misinformed about how the market works, which I doubt, or you choose to lie to promote an agenda as a basher.


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