THE WITNESS: In other words, the stock either
19 meets the registration requirements on its own merits or
20 not. And the president of the company can't say, yeah, it's
21 free-trading stock
This is very interesting. In that particular case, no, he couldn't because, lololol!, AZNT wasn't up to date with its SEC filings, something he evidently neglected to inform a number of people about. Since the (rather chaotic) 2 October hearing, at which AZNT was represented by Robert Qualey (who at the time was also an officer of the company; do we see any problem with that?) the strategy of the "AZNT Legal Team" has changed. What are the most significant of these changes?
1. Mikey's been told NOT to talk about the Inevitable Short Squeeze. We all recall his memorable exchange with Judge George in October:
1 MR. QUALEY: Mr. Sylver can explain that.
2 THE WITNESS: Okay. First of all, remember, I said
3 previously there is approximately 2,700,000 or 2,872,000 shares
4 naked short of our stock out in the market.
5 Through all the broker dealers, we know how many brokers
6 have shorted exactly what amount of stock and the dates of the
7 short, the amount of the shorts. We have narrowed it down to
8 the individual brokers who committed the shorts.
9 We have devised a plan that is going to alleviate this
10 shorting and the shorting of all other stocks in this country.
11 It is going to change the face of shorting in the United States
12 and prevent this illegal wrongdoing by Canadian companies and
13 American companies, you know.
14 THE COURT: I don't care about that at all. I want to
15 deal with this case.
Subsequently, Josh Landish arrived on the scene. He, it would seem, took over the case from Qualey. First, as noted, he made sure that in the January/February hearings Mikey didn't proclaim that he was bringing suit to pump stock price.
2. Back in October, as Mikey explained it, nearly everything was the fault of Andy Mann, who "stole" 4,480,000 shares of AZNT stock. Landish has, as already reported, changed the plaintiffs' strategy: Now the eminence grise is the terrifying Charlie Kricfalusi, who, as described, appears to the the Sidney Greenstreet of the OTCBB world. Note that Charlie's name was never even mentioned in the transcripts of the 2 October hearing, but now he's the Great Satan.
3. Josh attempted, by putting Gary Dobry on the stand, and earlier, by--evidently, though he didn't sign the thing--allowing Mikey to submit that crazed 9 November affidavit--to cast blame for all sorts of things, up to and including "firebombings" and "assassination attempts" on us Evil Bashers. The judge, alas, seems to have found all this a bit....outLandish. Gary/Spidey's file of carefully culled SI posts was rejected as evidence.
4. Another tactic, part of the new strategy, this promoted by both Landish (eliciting testimony from Sylver) and Quiel: 144 stock is not free-trading until it's registered. Well, no it isn't. But Mike Sylver has, with three transfer agents, demanded the right to authorize registration of restricted stock whose restrictions have expired. And he's consistently denied that authorization. Now he's Self-Transfer Sylver, he can do what he wants. Which, evidently, is not to register any stock at all. This argument is a tautology. Among other things.
DAMN! Still haven't found time to read all of Quiel's testimony. But don't worry: I'll get to it.
|
