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- 15 أغسطس 2006
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The BigHub.com, Inc. receives position reports from Depository Trust Company
Wednesday April 18, 11:53 am ET
JENSEN BEACH, Fla., April 18 /PRNewswire-FirstCall/ -- The BigHub.com, Inc. (Pink Sheets: BHUB - News) received position reports from the Depository Trust Company confirming the "uncertified" share position provided by Select American Transfer Company. "This third party confirmation comes directly from the Company that facilitates the clearing of 100% of the share transactions between brokers. Additionally, they are the custodian of all of the BHUB shares held in 'street name,'" stated Darrell Peterson, interim President. He went on to further state, "Any illusion created by Select by virtue of their previous press releases that we were misleading or false in our reporting to shareholders should now be put to rest."
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Additionally Mr. Peterson reported that, "We are now working quickly to file actions against parties whom we believe have acted in a reckless and illegal manner, depriving BHUB and its 'shareholders' the ability to conduct business at this exact time." Mr. Peterson continued, "Based on the information received and investigated by the Company we are proceeding with our goal to file an action in Federal Court against all parties involved in the scheme."
As previously announced, The BigHub.com, Inc. was informed by Select American Transfer Company that there were currently 1,580,847,798 shares issued by them and that those shares issued were 1.53 billion shares in excess of the legal authorized shares of the Company. The Company states that these shares are unauthorized shares and unregistered with the Securities and Exchange Commission as required under the Act.
The Company previously announced that it has engaged Olde Monmouth Stock Transfer, Inc. to handle its authorized stock transfers.
The Big Hub.com, Inc. (Pink Sheets: BHUB - News) will continue to review potential business ventures or acquisitions during this process.
The BigHub.com, Inc. receives position reports from Depository Trust Company
Wednesday April 18, 11:53 am ET
JENSEN BEACH, Fla., April 18 /PRNewswire-FirstCall/ -- The BigHub.com, Inc. (Pink Sheets: BHUB - News) received position reports from the Depository Trust Company confirming the "uncertified" share position provided by Select American Transfer Company. "This third party confirmation comes directly from the Company that facilitates the clearing of 100% of the share transactions between brokers. Additionally, they are the custodian of all of the BHUB shares held in 'street name,'" stated Darrell Peterson, interim President. He went on to further state, "Any illusion created by Select by virtue of their previous press releases that we were misleading or false in our reporting to shareholders should now be put to rest."
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Additionally Mr. Peterson reported that, "We are now working quickly to file actions against parties whom we believe have acted in a reckless and illegal manner, depriving BHUB and its 'shareholders' the ability to conduct business at this exact time." Mr. Peterson continued, "Based on the information received and investigated by the Company we are proceeding with our goal to file an action in Federal Court against all parties involved in the scheme."
As previously announced, The BigHub.com, Inc. was informed by Select American Transfer Company that there were currently 1,580,847,798 shares issued by them and that those shares issued were 1.53 billion shares in excess of the legal authorized shares of the Company. The Company states that these shares are unauthorized shares and unregistered with the Securities and Exchange Commission as required under the Act.
The Company previously announced that it has engaged Olde Monmouth Stock Transfer, Inc. to handle its authorized stock transfers.
The Big Hub.com, Inc. (Pink Sheets: BHUB - News) will continue to review potential business ventures or acquisitions during this process.