So, what position do our regulatory agencies take on this? Is it legal for me to purchase an empty shell, tell a really cool story about some high tech thing I'm going to do and then just sit back and sell shares? At what point does anyone get held accountable for operating like this? When the reverse split comes do any of the current shareholders have any recourse?
Agreed, but I am not certain that they are trading back and forth below par value. It appears as if large blocks are being bought to be sold at par value. But you are correct who knows how far below these trades are occurring below par value. I just assume at least .00009 since it is the most logical in sequence of trading since the action is at .0001.