again respectfully DISagree. even in the worse case scenario the Brokerages have to give us our money back for the original shares we bought.( which i doubt is recourse since the shares have settled) they knew they were fake and received a notice of such. a PR is NOT a legal instrument ( when will people understand that) soooo average Joe shareholder received NO formal notice that the shares were fake and flooding the market. the brokerages HOWEVER DID receive notice as such and STILL continued to sell stolen goods to unsuspecting buyers. Now, as for this decision not causing total market chaos, think again. a market is fluid and a MM's job is to keep it that way. with most stocks, even if the brokerages are short, they keep it trading fluidly. sort of like stealing from peter to pay paul. No stockholders have ever been sent a declaratory judgment for buying stolen property ( not to my knowledge) If this becomes a common practice and stocks are frozen and shareholders are getting sued NO one will EVER trade again. the declaratory judgment if trying to FORCE a decision on WHO is responsible here so that this doesn't keep happening. The market is free to work as a casino, but even casinos are regulated by an agency. If i put $5 in a slot machine and the reels hit the jackpot and the machine doesn't pay out, someone is paying me because I am playing in a LEGAL venue under LEGAL rules and guidlines with reasonable expectations. we as shareholders did NOTHING wrong. No one sent us ANY OFFICIAL notice or an ALERT through our brokers that any shares were FAKE. this one has a long way to go to get straightened out, but i bet it won't be our azzes hanging on the barn door when all is said and sone. but as always that is totally JMO
AI
