Global ePoint (fka GEPT)

[Unclebob9]

If you believe Nite is Naked short selling the stock, that is Illegal. If they short, by law they must cover within 3 or 4 days. It is common for some clearing houses to go directly to the Company and buy discounted shares if available. if they are not available they must purchase them back in the open market.
As long as it is a public Company I believe the SEC still regulates them and they are responsible to shareholders.
Everyone is expecting them to magically become responsible IF they win this lawsuit. At this point what is to stop them from just pocketing the money and continueing business as they have been, or just pocketing the money and walking away?
The SEC usually does not pay attention to stocks at this level, usless there are enough squeeky wheels that annoy them into writing the Company.