Wave Sync Corp. (WAYS)

[Skelton]

If anyone were to bring this matter before the U.S. Bankruptcy Court, and the SEC, this company would get not one but two slaps on the hand. That's why they're not cancelling out shares that we recently purchased. It's a powder keg and they know it.

They're hoping the "rolled back shares" thing will passify shareholders ... and that they can slip in the R/S without getting reemed by a federal judge. As long as no one objects, they can probably get away with it. If someone objects, however, that could be a whole different ball game.