Megas also failed to fulfill his end of the bargain when it came to an agreement to replace Pino's "fraudulent" shares. But at this point, the Pino mess isn't relevant. Unless or until you have shares that are registered, they're not going to trade, regardless of whether or not the Pino mess ever gets addressed.
As for those trades that were done after the DTCC freeze, most of them (if not all of them) were probably other customers, who had "fail" positions in their accounts, who successfully liquidated their positions before the stock got revoked. Might some brokers have successfully naked shorted BCIT? Perhaps. But if they did, it was the right trade for them to have put on.
"The penny stock investor may be the most dangerous creature in the investment world, at least to himself.[...]His hypocrisy becomes most apparent when he then blames his losses on the greed of others." Robert C. Dugan, Director - JRM Capital