Glazman,
besides, Stewie could not be sure to get the shares in 2005, the shares he was issued were much later and they were preferred, not tradeable.
Of course Stew could guarantee receiving additional shares.
what was the final disposition of the Sentinel Case against Stewie ? what i saw looked like a dismissal.
The plantiffs moved to dismiss on the motion the civil case was being picked up on a federal level. The original case was in civil court with zero guarantee of ever collecting on a judgment. The case was picked up by federal investigators who have the legal ability to freeze and recoup funds hidden in offshore banks.
the SEC would be prefering NS charges like they have been doing to others.
It's not NSS if you short against your own guaranteed shares. Nor is it illegal as long as you deliver shares at some point. See the Edwards/cmkx/Jeffries and Company sham as an example.
the shares he was issued were much later and they were preferred, not tradeable.
Who said they have to be tradeable? Jeez, you fart around until your stock in revoked and walk away with your short sale proceeds. Many people on this board keep insinuating the brokers did this themselves.
See any 13d filings for anyone still holding more than 5% of the O/S? No?
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