WarpCore61, Recommend you do some research on GVRP/MAMG and BCIT. Those were pretty close to this scenario. In the former, someone sold post-split shares into a pre-split market. In the latter, someone sold fake stock into the market.
I think you'll be quite surprised that when there's a bunch of fake stock in the float the system doesn't work how you assume it will.
In one case after they won the case in court where they managed to find the person creating the fake shares who were found guilty and paid the price of the phantom shares to the company.
The SEC stopped the company from trading until the counterfeit shares were accounted for and located.
In the other case the company just added the fake shares into the count and did a reverse split.
To sum both cases up, it hurts the shareholder and no justice ever happened that helped the shareholder...best that the company just accept it.
IMO I believe this will be found to be done by insiders of GTEM. Time will tell.
"There is no great honor these days in being a long (very long).......
Not a lot of profit either it seems."
"There is no great honor these days in being a long (very long).......
Not a lot of profit either it seems."
