why would the financial institutions allow BAA fall to zero pps??? Its not in their best interest??????? you would think they would prop up pps from falling to zero??????
If they are promised shares (most likely preferred shares) after the massive reverse split to dilute out the pesky public common shareholders, they won't mind at all. BTW, the 90% "financial institution" ownership was always fiction to begin with perpetuated by the pump and dump operation. Long before the announcement of the fiasco at Namoya, every brokerage form was showing leass than 50% institutional ownership.