NIR Group

[suninthefun]

This horsey guy did a worthless affidavit.

He is employed by itronics he is not an expert. There is some good reading in this case though. According to NIRs arguments,they are "owners" of the shares when they send the conversion. They quote Rule 3b-3 so the affidavit means nothing if the judge agrees with NIR about this Rule.

One of two things are going to happen as a result of this case
1. NIR defenses about short selling are validated and thanks to this case no company that NIR invested in has any defense to the NIR notes as there is a First Department Decision in this case in 2009. or
2. Every company that NIR ever invested in gets a free pass on paying NIR back