If Les has been selling the stock for the last 5 plus years he should have averaged well over 5 cents. If he did not spend all the money he should be buying back the stock at these prices to cover his butt. If he spent the money he must own a lot of polyester suits by now.
mdmnholder,
I believe if the person receiving the shares can prove to the company and transfer agent that the debt was unpaid for more than one year the transfer agent can issue them as tradable common shares at that point. At least that is what they did in Cerro when they paid off the old debts. Most received free trading shares. I do not think that they people I know at Alpine would have cleared any stock for Les. They stopped accepting penny stock certs years ago. They would not let me deposit Cerro certs that I had even purchased through them. In any event Les was probably able to clear the certs in Canada or another country with his contacts.
So who was buying those millions and millions of shares? Brokerages who were short mdmn and these shares had actual certs?
Trying to date focused on the sliver linings. Based on some very rough math, Iâm guessing CDCHâs shares outstanding will be reduced to around 200M after Les, Chapin, and JJâs ownership is returned to the Treasury. It will also make sense to push for a further clawback for the other shares issued for what can now be assumed to be false claims. If you consider 200M shares at 1.2 cents ($2.4M) for 5% of AMC there is the potential for remarkable upside.
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Would Medinah North America have any kind of malfeasance insurance for the BOD? Not that it would cover 10âs of millions but it might cover a few million.
This is really nuts. Cannot believe that les and Juan have got the last laugh again. I just hope that there is evidence to put them in jail for committing this fraud against us and Auryn.
I cannot understand how nobody detected earlier that the actual issued shares were twice what was reported. Amazing. Why did Aurynâs lawyers not discover this discrepancy?
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So maybe Pamela and les took the limo to the airport, finally got the limo rideđł
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So LP is a crook? Gee, whoâda thunk it???
Wouldnât surprise me if JJ was in on this as well.
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Damn mountain kept me here!
ânext weekâ LOL
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I hope we can stop those thugs from riding off into the sunset with a pot of gold.
The release said it will not affect progress.
Ever wonder why Les was always telling anybody who would listen that big news was coming ânext weekâ? Now you know. He was selling you his shares as people bought in anticipation.
Ever wonder why he said CDCH was a zero? Because he didnât have any shares to sell.
For every sale Les made. JJ prob made double. IMO
Silver lining : now that everybody understands the abuses, were in a better position to reverse them
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US, you are correct, as long as the debt is aged 12 months, the debt can be converted into free trading shares. There are two parts of Alpine, the brokerage and the clearing house. The clearing house clears 90% of the pinkies and will clear shares that have been converted as low as $.00004 that I have seen. Once cleared the shares can be sent to an account at either Alpine, Scottsdale, Spencer Edward, etc. All specialty brokers that charge large commissions.
I used to have an account at the Vertical Group, but they got out of the biz, and my guy went to Spencer Edwards.
In light of todayâs news I think it would be good business to broadcast the October meeting for those of us that canât make it. I donât mind others notes on the meeting but I would just as soon hear it from the horses mouth.
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I still wonder how much involvement American Register & Transfer Co had. Have they been falsifying information for years or just last quarter?
Wow on Gregâs watch too. Thought he was a little more savvy than that
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