Couple of things to keep in mind. As far as the Custodianship, really what you see here and what you read here, on the company twitter, etc are the elements of the done deal on that piece. One company taking over another.
As far as the "fraudulent TA". We don't really know that there is or isn't anything fraudulent, factually at least. But there is some issue with the TA. That's the core of the legal issue right now. We may or may not ever know the specifics of that.
What matters in regard to your overall question is this. Assuming there is something amiss with the TA's operation of stock here. a) The TA is on the hook for the total number of shares issued for trading. b) If the share count and the dollars don't match on the TA's books, then the TA is liable for the balance. ---- a few possible scenarios. 1) The TA has stocks or funds from a sale or purchase that they haven't made reasonable effort to contact the holder for payment of/to, etc. This isn't uncommon. An investor passed away, etc "could" be a possibility. Things like that fall into the TA's responsibilities. 2) The TA funneled stocks into his own private use. 3) The TA took part of the stock funds for his own use. Things like that are what's possible here. The severity of the core issue with the TA is unknown to us at this time. It may not be anything big. And perhaps all it is is that the TA is owned some money by the company. -- That's the part that needs sorted out and dealt with.
So the real questions are how long it take the TA issues to be resolved? And. What will happen when it is all resolved?
How long? No one can tell. There's the legal involvement surrounding the subpoena. We do know it's been delivered. So the TA has "X" number of days to respond. (which off the top of my head I think the 21 days puts us around the 15th of May, someone can correct me on this if I am off on my dates.) Best case scenario, the TA complies and the information train starts rolling out and uninhibited free trading resumes. Worst case scenario, the TA could drag their feet and the legal process continues for however long it takes. During that time trading will have to continue. It just will be a little more inhibited by the unknowns and the ups and downs and churning will continue like it is now. Although any news or update in general from the company that is transparent and keeps us moving forward would push the pps up as well, in the meantime.
LOL.....I am sure we all wish the answer were definitive here, but they aren't. Just think of this as "merger" and that we are waiting on final close of the deal. That's what's really going on here!
GLTA!! $ETEK
My comments and posts are my opinion only. I make no claims, nor represent any stock, trading tool or secret, etc. Each and every individual trader is responsible for their own trades and needs to make their own decisions. Best of Luck!
