You said:
"The shares sold by the insiders on phony opinion letters are now in the float. They're considered illegal shares by the SEC due to the false opinion letters. What happens is the company has to suffer for the insiders dirty deeds in issuing and selling illegal shares. This is why the SEC went after them ( one of the reasons ) and this is why the company will be revoked ( again just one of the reasons ) and when the company is revoked, the share holders lose and all shares become worthless."
After reading postings here, your statement insults the intelligence of everyone posting here. Of course the restricted shares being sold into the market became an illegal part of the float. And I assume everyone knows the ramification is revocation and de-listing of stock. That is elementary.
Advise you, once again, read BK court transcripts. This is what caught my attention. If any collusive behavior between Trustee and SEC (not impying there is, only saying if), then Trustee and his fellow attorneys, are not real competent because of ticking off the judge by first, lying to him in his court, and second, subsequently trying to bulldoze through the case. This has caused judge to be suspicious and lent credence to shareholders, at least in judge's eyes.
Had they let this run its course, and not lied straight to judge's face, this case would most likely be over and revoked. "IF" there is any collusion and/or NSS, Trustee has significantly damaged his chances of expediting the case.
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