Trumping on a Pipe Dream

[BullNBear52]

Well we're talking two entirely different things here. It appears that with respect to Citigroup at least they effectively played a hedge and caught everyone by surprise. My bet is that would have been legal in the states.

GVRP is a little more complicated in the fact that you had REG SHO in place. I won't buy off on the conspiracy theory because that has been used so many times in the past with other POS stocks.

I do think someone screwed up, probably the MM in not making sure shares were actually out there to trade. Somewhere an alarm should have sounded. (Even though this was imo a scam to dump off an empty shell to begin with and screw the original shareholders.)

If my broker (I did not buy) had sold me shares that did not exist I would pick a bone with him first. Writing to the SEC is like sending letters to the White House. lol.