I had in mind just such a scenario. This is reminiscent of Overstock.com. The owner, after more shares were voted than existed at the annual meeting, proceeded to buy shares in his company equal to all those legitimately outstanding. After acquiring 100% of the "outstanding shares," the stock continued trading with a volume of shares approximating 100,000 shares per day, though no shares from his account were traded.
Finally, after going to these lengths, he got the ear of the DTCC.
This is why I quoted Reagan. "Government will not solve the problem; it is the problem."
A very, very high percentage of the government has been bought and paid for. They have a mandate. Simply put it is "Look the other way and keep your mouth shut."
Eventually something will be done to make this go away; not because someone cares but because they will simply have to do something. Just what options are available to them I do not know.
P.
