I believe that if James and Co. made enough noise and complained to the SEC, the SEC might take some action. The biggest thing by far, I believe, is going public about it. Go to the press, air waves, Internet, radio, TV, whatever, and let everyone know what's going on. Writing emails to the SEC ain't gonna be enough. Hell, the SEC is in cahoots with these idiotmongers, er MMs, anyway.
Once the restrictions are lifted, I do believe that the stock will reflect the "true" value which should be atleast at the pre-split levels.
However, all of this crap is not doing anything to bolster investor confidence (other than for guys like me, who see a prime time opportunity to make some serious dough here. The dowside from these levels is very very limited and the upside is huge.), newbie investors try to buy it based on news and PRs..realize they can't, call their broker and hear the word "suspicious activity list", and promptly walk away...
duh.. what a bunch of crooks.
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