Posted by: Art2Gecko In reply to: ynotme who wrote msg# 11642 Date:3/29/2007 12:58:49 PM Post #of 11657
essentially all the volume since this started trading recently was based on fraudulently issued shares. These will need to be bought back to be taken off the market. Whether the brokers do this of their own volition, or are forced to as the result of a lawsuit, doesn't change the end result.
The actual shell owner, Yucatan Holding Company claims no official changes have been made to the share structure since the last filings ~ 20M shares outstanding.
Do you see the short covering potential here now? This is the play now, not the reverse merger... although they did hint at that possibility for the future, in yesterday's PR.