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Shells? NO, they are oil and gas. I didn't know companies dealt in sea shells. LOL!I guess if they were not actively out in the field working on projects they easily could arouse suspicion.Also they just borrowed another $125,000. yesterday. Do you think the bank might have wanted to have some indication they were not given a stock commitment that wasn't going to be halted or worthless?
Borrowing money from a bank...LOLDon't you mean selling shares to a non-US person in offshore transactions.The press release today http://finance.yahoo.com/news/independence-energy-corp-completes-additional-200500935.htmlreads a lot like these:http://www.sec.gov/Archives/edgar/data/1353406/000116552712000222/g5835.txthttp://www.sec.gov/Archives/edgar/data/1353406/000116552712000184/g5806.txtOr was it like this transaction to give Rotelli 12 million shares for almost nothing?http://www.sec.gov/Archives/edgar/data/1353406/000143245312000006/xslF345X03/primary_doc.xml