Ok Rick has spoke but,,, IMHO here are the possiblities...
posted on
Apr 11, 2008 06:24AM
The J2.5 was material (Material can mean we got little or no money too.. But I do not want to believe & do not believe that) IMHO thier is one of four things must be true
He must extend the Insiders cannot buy
We got very little from agreement
They are violating the SEC rule for "material"...
Insiders maybe unaware of the agreements
Division of Corporate Finance
This division is responsible for overseeing the disclosure documents that are required to be filed with the SEC by U.S. public companies. Meant to increase transparency so that investors are able to make informed decisions, the filings require companies to provide prudent and truthful disclosure of financial and material information. According to the SEC, the definition of material information is any information pertaining to a particular business that might be relevant to an investor's decision to buy, sell or hold the security
