Where is the rationale? Where is the sense in all this? I have yet to read anyone on here who really has the understanding other than megas wanted to try for some easy money. Of course now he's dropped the penalty request. It stands now as wanting a declaratory judgement against shareholders who bought through brokers. Thats the target now. Its the road to go down to find the real strategy. Why do it? What does it prove? How does it help megas, bcit, s/h? To me, now as it stands, the suit just asks to remove these shares and cleans the slate of them. Yes, you have no shares. Then you ask your broker and they give you back the purchase price and say they are done, you are whole. Megas has eliminated a huge pool of stock. He can then issue more shares and start trading again. You see it? I would sue for that possibility. It makes some sense. Worth a shot. One big clue is the letter allowing you to opt out by returning shares. The dropped claims are his recognition that the easy money for judgements wasn't going to work out. Best case in this imo, is you get dropped from the suit and your original stake back.
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