Someone posted the other day that the MM suggested this lawsuit idea to Megas. Don't know if that's true, but I doubt the DTC instructed him to use certain language let alone sue all the NOBOs. They know NOBOs don't hold certs. There's no need to do a fishing expedition for this because they have records where the FTDs are located. It appears Megas didn't work w/ them to narrow down where they are.
I don't see how NOBOs will help. Doesn't everyone's account show their BCIT shares as settled trades rather than FTDs?
----- "We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful." -- Warren Buffett