I agree, getting the City involved was a nice way to pump the stock but I think it'll bite him in the ass eventually.
Seems pretty likely that some of those people would have bought stock. Those buys were probably closer to 4 cents than 4 thousandth of a cent. Plus, since they probably thought it'd be a slam dunk they would have held onto the looser. They're probably pretty pissed...
It's very possible that they'll file charges and ask for an investigation.
I think that that guy they hired as a consultant to help them get PPAs from the Government would be the best witness. I don't think that he'd lie to protect the company. He's got way too much to loose.
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