BUt anyone with good corporate sense won't default on another company if they are unhappy. They will cancel the order; defaulting on any contract just makes you look bad. In CKYS's case, it made them look worse..
According to the reporting of a "duped" company: As of 1/22/07, the Company had 200M (Float) & 700M (OS) Shares. However, according to TD, on 3/16, 382M shares were traded; on 3/20, 302M were moved; between 3/15-3/22, 898M total. I wonder who to believe.