I can't agree with that - nothing is set in stone.
Too many possibilites to mention here... but there are several things that could result in a favorable outcome here.
I'd like to see the official share structure of course - required IMO
Then I'd like to see some projections based on the NOBO/DTC lists.... which brokers are short? which MM's did they use? what kind of deals can be made? Was it illegal dilution (negotiate), or NSS (don't negotiate)?
You see, I don't believe the shorts will have to cover.... instead, I think the company will offer to cover shares in exchange for some type of compensation from those who accepted the illegal dilution. Its called negotiating.
I believe BHUB will contine to trade.... but only as long as the SEC/DTC can see that the problem is moving toward resolution, and solutions are being negotiated.
BHUB and the new TA will know which brokers/mm's are in trouble.... if we keep trading.
Brokers and MM's have insurance against this exact type of fraud. I don't believe most of them will have a problem filing an insurance claim.... but only if they can escape criminal/civil liabilities. So BHUB needs to negotiate.
Most of the brokers/MM's are victims too.... the guilty party's are whoever printed the share certificates, and the 1 or more MM's they used to dump the shares.
That will take care of the illegal dilution. The remaining problem is the NSS. And that problem can be dealt with after cleaning up the dilution - at the companies leisure.
Those who believe without reason... cannot be convinced by reason
AI
