goldie - i just came across your reply. have you followed the NUTT board? looks like a crony of Jay's. kind of ridiculous replies/posts about the past doesnt matter, they have turned over an new leaf, yada yada.
did you ever file a complaint with the SEC? if not - i would urge you to do so. i can not prove it is criminal but it is certainly suspect and without getting access to the financials (of course by now they have probably scrubbed them) - it cant be proven.
that being said - somehow they went from being non shareholders to controlling the company while it was in a dark period. that is not allowed and they are able to be sued for doing so.
2. Stockholders may bring litigation against the board of directors for, among other things, (a) breach of fiduciary duty caused by decreased liquidity and trading price resulting from “going dark,” if that in fact occurs, (b) insider trading by officers and directors on the basis of material non-public information (because no periodic reports have been filed or adequate information released), or (c) repurchases by the corporation on the basis of material non-public information.
i encourage you to file a formal complaint with the SEC and encourage any others you know that were caught up in this. i highlighted the share differential when NUTT provided limited disclosure to pinksheets.com.
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