NanoTech Entertainment Inc (NTEK)

[nuubie]

can the TA be wrong about the amount of shares.

DD on NTEK's TA Stalt Inc:

Plaintiffs allege that they lost over $2 million as a result of the stop orders because VitaminSpice's share price dropped precipitously while the stop orders were in place. Compl. ¶ 75. Plaintiffs explain that no broker will accept "stopped shares" for deposit because the marketability of those shares has been called into question. Id. ¶ 60. Thus, according to Plaintiffs, "a 30-day stop order amounts to a permanent block of sale." Id. Plaintiffs allege that, sometime after November 2010, Stalt temporarily refrained from reissuing the 30-day stop order "at every single step in the chain leading to sale." Id. ¶ 64. Pursuant to these concessions, Plaintiffs were able sell their shares and mitigate some of their damages. Id. ¶ 65.

http://www.leagle.com/decision/In%20FDCO%2020120522782

http://law.justia.com/cases/federal/district-courts/california/candce/3:2011cv06679/252258/81