Hi Dusty. I had similar thinking to the "intelligent" post,in trying to determine what might be a fair or just settlement. Eight cents seems reasonable given it was the price before shananigans commenced.
While eight cents would certainly provide almost all of us with almost obscene profits, it does not take into account any damages to the company or shareholders.
It would eqate to borrowing (stealing) all the shares from the company buying and selling them many over making millions of dollars, and when caught red handed - simply bow their hands and return the shares back to original owner without compensation for damages, or any punishment to the wrong doers.
Anyone owning these legal shares would have their eight cent shares stolen and then returned with no compensation or chance of increased value. The damage and cost incurred to Megas and company certainly must include lost time and appreciation of the reverse merger.
Therefore, I would have to say that first Mr. Megas be compensated for lost time and aggravation, all legal costs incurred, damage\restitution made to the company and shareholders in the amount of (at least) two million dollars, and share buyback at a minimum of .16 cents, and should the
SEC wish to punish,.24 cents min.
In this way legal share owners who were in before fraud occurred would also have a chance at having the value of their shares increased substantially, while maybe not as high as those who later purchased phony shares at a discounted price.
As well, should Mr. Megas have any business partners in his real estate stuff, they also should be compensated for the delay in the reverse merger....
Just my humble opinion and dont know much about corporate matters and such.
By the way folks, tomorrow (MOnday) is a holiday in CAnada - Labour day or some shat,and markets here in CAnada are closed.
Is the U.S market open tomorrow?
AI
