Was it not suggested back in March of 2007 that BA might be complicit in this scheme?
Here's a copy of a post I just read from last March 2007.
First, concerning your assertion that Heaton couldn't possibly be that deaf, dumb and stupid. I have spoken with Mr. Heaton several times. Let me assure you that Mr. Heaton could well be that stupid. I would be willing to testify to that in court. It may be his best defense.
As far as no liability in Nevada is concerned. If this were so, why would anyone incorporate in any of the other 49 states? Nevada could charge $5,000/yr. for every company that incorporated in the state, completely eliminate every tax except for gamblers and incorporation fees and still be able to pave the streets with gold. So my guess on this part is that your information is incorrect.
Finally, as for BA's role in this. They are the company's IR firm, yes? They receive the DTC sheets every day or week. They know exactly what's going on with the share structure. They either allowed, participated in, or managed the issuance of the unaudited financials. Even if they never had access to see the company checking account, they had to know how many shares were being issued. BA had to be complicit in the UAF's or they would have resigned the account in a heartbeat. They have attorneys and possibly accountants on staff. They know what was issued and what the implications were.
They can attempt to hide behind some contract and attempt to shift liability. But I have them as a prime location for picking up several million dollars in a class action suit to recover money for all shareholders. Unless they can prove that they were deceived on the share counts or that they are the only IR firm on planet Earth that does not receive regular DTC sheets, they are in hot water. That's my read on this.
