nwtf - I'm afraid there are other possible scenarios. One would be that previous short sales of MSRM stock were made (possibly with counterfeit shares) and now that the SHO rules have changed plus GBRC is converting, all mobilstream shares have been 'called in'. Some players may be in desperate need of certificates to cover old short positions on the books (and collect on the gains made from MSRM going to 15 cents) ?????? Sounds like there were more shares shorted than certificates available.
There are also reports here in the States of offers being made based on the story of a 'hostile takeover'. Funny all of this action comes out in conjunction with the MSRM conversion. JMHO
When all is said and done it's what's done that counts, not what's said.