Because they were only short until they were able to deliver shares to close out their position. If you see, the global lock prevents anyone from trading this stock here in the U.S. and offshore. Gee glazman, why would the SEC be concerned about offshore BCIT trades?
the global lock does not restrict any trades. the global lock suspends all clearing activity at the DTC.
i understand your speculations, the only way any broker should accept waiting a whole year for the shares is if Megas sponsored Sytner, then the brokers MIGHT accept a letter of credit signed by the issuer of the shares which was Megas.
however, the hole in your theory is that the DTC is claiming the extra shares are counterfeit, and wants Megas to issue shares directly to cover them.
why wouldn't he just do that and then RS? that's what the creeps in the biz do. it's not hard.
