Art2Gecko, I don't think Megas cut a cert for 300 million. The latest 10Q made it pretty clear that the fraudulent shares had already been taken care of and the 300 million were naked shorted shares. He has legal proof of this now and I don't think the brokers will challenge this with the DTC anymore.
If they did, Megas could sue the brokers and go public with his documentation. The brokers aren't going to want that because they would have to open their books, proving that they naked shorted the stock and the DTC was covering for them. With the current climate of the financial sector these days, I don't think the DTC wants to be accused of collusion in a criminal act with the brokers to defraud investors.
As such, once woogie's litigation was over, the stock could trade again. It's no coincidence that within 2 days of woogie's case being closed that we traded again. Megas deposition from the woogie litigation made it clear that the DTC ordered Megas to sue the shareholders.
It was not Megas idea and in fact he tried to convince the DTC to find a solution that did not involve litigation. The brokers and the DTC's butt is on the line here now.
