However I do agree that this has damaged GLBSE. I will never offer a security on that site under any conditions. The "we do what we want when we want" is too much of a counterparty risk.
Nefario avoids manipulating securities due to theft, i.e. trade roll-backs, but delists securities when an issue directly affects him and is in his best interest.
Both of these issues are complicated to deal with, but there is a sense that's it's all quite arbitrary.
I'll just leave this here.
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