Thursday, April 17, 2014 1:06:35 PM
The penny market has never had so much SEC attention, but now, with all these halts, many pinks who have real businesses are opting to file with the SEC, even though they are not required to. So the game is changing fast. Used to be you could spot a pump and dump before it happened, buy in low and wait for it, the volume and price would rise you could sell and just wait for the next round. Now, with these halts and the filing requirements they bring, it's too risky to buy any pink that isn't voluntarily filing. Since the halt happens without warning and wipes you out unexpectedly. So the new game will involve the PnD's to voluntarily file with the SEC or they won't get any investors at all.
All we can do now is wait and see. If they had something, it shouldn't be to hard for them to prove it and get the filing done, if not, then as Janice says, nothing more will happen.
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