Not Megas' problem anymore is it bobby?...
The DTC had to be holding certs to keep this in limbo all this time.
The sec just stated that the certs they found, 41 of them that made it to market, are counterfiet so therefore the dtc's arguement is out the window. This causes, as pointed out, some real problems for them since they had to have certs because any other claims would be useless.
They could'nt very well have claimed that there was 1 billion air shares... "held in trust" ... now could they?
Soooooooooooooo.....
1) The dtc has egg all over their face for stating whatever
certs they held were good because the sec just stated they are'nt.
2) The dtc now has to extracate themselves from a very BAD PR situation, what can they say, "We did'nt check them!"...he-he-he.
3) They will, imo, make arrangements with BCIT of some kind.
Anyways... all Megas ever tried to do, imo, last April (which the sec did for him now) is show the counterfiets that were issued into the market. The subsequent, supposed, selling of all those air-shares on top of that is not his problem and once trading resumes the market will sort that out.
The market will function... we will demand our IOU's be honored... and let the chips fall where they may, some brokers/MM's will make it, some won't! Those that played it clean have nothing to worry about and will prosper from those that run amuck, part of the Game.
You know I've said for sometime... "Brokers? we don't need no stinkin' brokers!", electronic trading is all we need.
"And the sharks started to circle... the smell of blood in the water was overwhelming!"
AI
