Release of insider information about a publicly traded security after "new co" has officially taken over the stock, allowed it to trade, when it should otherwise have been shut down? You don't see a problem with that? I do. And I think everyone of reasonable thought would see a problem with that, especially the judge that decided this case. I wonder what she would think about release of insider information after the issuance of an 8-k as well as a 13d that appeared very favorable to investors, only to have an insider hint that shares are worthless AFTER LETTING THEM TRADE FOR DAYS ON THE OPEN MARKET. They should have either put out a statement to shut it down,or to let it trade. HOWEVER, THERE IS LANGUAGE IN THE 8-K which states that NO PR SHALL BE RELEASED. THAT IS THE KEY THING THAT EVERYONE, BOTH PRO AND CON SEEM TO HAVE MISSED. THIS THING IS STILL TRADING, YET THERE IS THAT LANGUAGE STIPULATING NO ISSUANCE OF PRs related to the matter. Absolute legal insanity here.
I WILL TELL THE CROOKS AT WC ANOTHER THING-EXPECT TO LOSE BUSINESS OVER THIS AT THE VERY LEAST. YOU ARE NO HEROES. KEEP IT UP AND YOU WILL SINK BEFORE YOU START.
