RE:RE:RE:RE:why the trades will not be rolled backHere is the definition of fraud:
a person or thing intended to deceive others, typically by unjustifiably claiming or being credited with accomplishments or qualities.
for me, this offer has everything in that definition.
now, to know if WHY CEO was implicated or plain stupid, not sure...I would bet on plain stupid... But the guys who made the offer knew what they were doing....mentionning a financial backer that doesn't want to be disclose is a FRAUDULOUS declaration as there was no backers. Naming the law firm that doesn't know about them was FRAUDULOUS, they then declared they named them by mistake! C'MON! They didn't made a mistake!
that was done intentionaly to create a hype and short the stock...
BTW, people that shorted the stock, if the trades aren't reverse, aren't in trouble...they don't need to cover shares of a company that went banckrupt...they just keep their money!
for me, I think the trades will be reverse...IROOC needs to keep a bit of credibility and can't allow this to go ahead! Or else, nobody will never believe any takeover offers ! Or it will allow anybody to go out with bogus offers to create hype and short the stock...
I still wonder where Mumfordson is ???