No its not dead, you are twisting my words, the first part about the share issue has been known for a while, the SEC is going after those involved. The shares are not illegal, the way they were issued may be. You conveniently left off this part from your second quote, " As will be explained later (hopefully today)"
I was providing some info on one of the roadblocks, there are other ways to resume trading that are being pursued.
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