1. There is nothing "illegal" about an inmate buying shares unless the underlying money is somehow tainted. This is not a defense to a civil suit.
2. ATNO better be worried because the suit could result in receivership meaning that an independent auditor would take over the company and see what's really going on. Then it all gets turned over to the United States Attorney for prosecution. I believe receivership was demanded in the original complaint.
3. The judge is not going to throw it out because ATNO waived any legitimate defenses they had by not including them in their answer/motion to dismiss. All Perotti needs to do is allege a prima facie case of false press releases and the case will go to trial. There might have been defects in the Complaint, but they were waived by not raising a single affirmative defense in the pleadings.
4. The case won't be disposed of prior to trial because the company waived its right to seek summary judgment by filing a frivolous summary judgment motion that will be denied since they did not include evidence. To obtain summary judgment, they can't just file a motion, they must attach sworn affidavits, documents, etc., and they just sent in some rambling paper that nobody can even understand.
5. None of the prior lawsuits matter, I don't know why ATNO doesn't understand that. Just because someone won or lost a previous lawsuit does not affect a totally different lawsuit.
6. The company made a major blunder by not retaining legal counsel. Now when they hire a lawyer to try to clean their mess up, there will be no defenses left for them since they blew it. NO defenses in their answer. NO defenses in their motion to dismiss. NO defenses in their summary judgment motion. So what's left for them?