Hi, stox
I don't know of any precedent for a controlled buy in.
There may be precedents, whether public knowledge or not. Or, this action could be precedent setting. But in looking at a one cent trading range, week after week, it is as you say. "It certainly fits."
Justice served, to the extent that those illegally short are forced to cover. No small accomplishment.
But more to the story seems likely. Avoidance of systemic risk. The national imperative necessarily being met. No more Lehman Brothers, or Bear Stearns, if it can be avoided.
Would it be fair? Far from it.
A forced covering on the open market representing the only fair solution for shareholders. But are there any among us who think that justice and fairness are always synonomous?
Regaining the OTCBB quotation, reducing the phantom float, implementing the business plan, all objectives moving forward as this issue is resolved. Those items representing the interests of the shareholders advancing, even if other interests are sacrificed.
I will hope that a MOASS is allowed. I still have all 11 offers in place in anticipation. However, I now have an additional offer at a price reflective of assumed fundamental valuation.
So good luck to us all.
And as always, stox, your efforts sincerely appreciated.
jay
AI
