What in the world are you talkin' about???........
"Unfortunately, Megas, under a civil court agreement was forced to deliver guaranteed shares to those brokers in exchange for what worked out to a huge discount based upon the last trade of .0489 before the halt."
Megas was not forced to do that...he forced it to happen by Jan. '06 by taking the known brokers involved to court in Dec. '05.
He thought that was the end of it...244+M shares reportedly entered the market, illegally, and he sold them what was presumed to be the total counterfiet share issue.
Unless you just started following this soap opera yesterday one would know now that that was just the tip of the iceberg.The rest of the brokers sold 100's of millions of shares that they got either from the DTCC (based on counterfiet certs from Pammy n Pino) OR they went ahead and created them on their own, in house.
The DTCC knew the share count...but they have NEVER answered the question of how many there are.
Read glaszman's post as to the reality of how NSSing a stock works....get 'em to go BK or get them to be de-registared and never have to cover.
"And the sharks started to circle... the smell of blood in the water was overwhelming!"
