Tuesday, December 20, 2016 9:27:05 PM
Yes, as concrete as we can get at this point.
NERG was suspended by the SEC for suspicion of fraud. The SEC's preliminary investigation uncovered enough evidence of fraud to result in a suspension of trading of the stock. Stock suspensions for fraud automatically result in any SEC investigation being upgraded to formal status. Those investigations can take up to 5 years to resolve, and really never take less than about 2 years to complete in even the quickest investigations.
NERG was suspended 7 months ago. We can be quite sure the formal SEC investigation is active and continuing.
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