8:15-cv-00317-LES-TDT Doc # 76 Filed: 11/09/15 Page 1 of 1 - Page ID # 487

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Subject: COR Clearing, LLC v. Calissio Resources Group , Inc. et al
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day2dayisay@gmail.com <day2dayisay@gmail.com>
strom@ned.uscourts.gov <strom@ned.uscourts.gov>
mhilgers@goberhilgers.com <mhilgers@goberhilgers.com>
11/09/2015 05:26 PM
COR Clearing, LLC v. Calissio Resources Group , Inc. et al

Honorable Judge Strom,

On June 16, 2015 Calissio Resources Group released a PR announcing a dividend of .011 per share. Looking at
the stock price over several past months, prior to July 2015, the stock had a much higher price per share, and very
little daily trading volume. A few examples: on January 7, 2015 the stock closed at .32, on May 1, 2015 it closed at
.09, and on June 16, 2015 it closed at .021. Again, there was not much volume or interest in the stock. However,
leading up to the announcement of the cash dividend, the stock price was well above the dividend amount of .011
per share.
&nbs! p; During July and August, as COR's clients were dumping hundreds of millions of shares into the market,
the price of the stock rapidly declined. The heavy selling from COR's clients had a direct impact on the share price
as the market was flooded with these shares. COR stated that, "Member firms understand that by allowing their
customers to trade in the speculative penny-stock market they take on certain risks and responsibilities." I would
like to rephrase that to, "COR understands that by allowing their customers to trade in the speculative penny-stock
market they take on certain risks and responsibilities." It was up to COR and their clients to make sure there were no
due bills attached to the shares they were selling. The dividend was not a windfall when it was announced. It
became a windfall only because of the declining stock price due to COR's clients relentlessly dumping hundreds of
millions of shares into the market.
COR claims that a dividend right was not attached to the shares that its clients sold. Obviously the DTCC did not
see it that way, as they were the firm that processed the dividend on all shares outstanding as of August 18, 2015.
Sometime between the announcement of the dividend, and the ex-dividend date, it became clear to shareholders,
that because this was a 'special dividend', that all shareholders holding through August 18, would be eligible to
receive the cash dividend. This was confirmed by many brokerages. The dividend was first approved through
FINRA, then distributed through the DTCC, and finally disbursed to shareholders through their brokerage accounts.
COR Clearing won a default judgment a! gainst Calissio Resources Group, and now is seeking to recoup its
losses from shareholders, who were not listed in the original suit. COR claims the dividend was illegal, and yet, the
dividend was never put on trial. The dividend cleared both FINRA and the DTCC. The dividend was well below the
stock price when it was announced. The stock price dropped below the dividend amount when COR's clients
dumped hundreds of millions of shares.
Since there has not been a trial that has proven the dividend was or was not legal, that shareholders were or were
not unjustly enriched, or to answer who was responsible for attaching due bills to the shares, it is for these reasons
that I sincerely hope that you will rule against the motion of appointing a receiver.
Thank you for your consideration in this matter.
Respectfully,
Jackie Rodriguez
(Former shareholder of CRGP)