Not quite correct. We are his problem, without us he would be able to trade, and since he settled on the counterfiet position, there would still be a short position with his original shareholders, although not nearly as large,, but large enough to cause a buyin and considerable appreciation for those shares. Once appreciated, Megas could dump into that higher pps since he would virtually own the O/S and make millions more even as he drives the price down by selling into it.(even though as in all pinky plays, there would always be schmucks buying into some sort of hype which would provide different support levels) It would all be free money for him, LOTS of free money, as he would sort of be acting as his own hedge fund so to speak, but he can't touch this as we are the hold up.
He wants most of us to settle now with our brokers (which actually is our only recourse if we want to settle) which would then wipe us off the books. His frustration is that we are taking so long. Also, since 2 years has gone by, this has made it increasingly more difficult if not impossible for some to settle, not to mention, the cost of litigating a settlement might be more than what some here could ever hope to redeem. A class action may be the only viable solution for some here. Of course, if this should start trading again by pressuring the powers that be, that would still be the best solution for all of us "illegitimate" shareholders. e/
There are two ways to be fooled. One is to believe what isn't true; the other is to refuse to believe what is true. **Soren kierkegaard
AI
