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Schaden-the SEC is charging that Rufus' financials are fake. No MM is going to file a 211 that in essence says "the SEC is wrong". All stocks go gray after a suspension.
Uh, doni, that's not what he said.
Lesn-What is that lunacy you keep posting about our-street not wanting US citizens to read the site? You are really making yourself look clueless.
Percy, long time no see. Haven't talked to you since NESS days.
roofie can produce the documents by Tuesday, or face a contempt hearing.
An old memory just came to the surface. I remember Rufus as being involved with one of the wolfson scams, but I can't think of which one it was.
The 10K is fraudlent, cracker. Are you saying that ruffie didn't make multiple claims of the price being "reset"? If so, you are clueless or lying.
Serf-he actually said he wrote the Benson letter? My god!!
Oh BS, cracker. I can't count the times roofie claimed that the price would be "reset" to some fanciful value.
Dimension-I would say arrogance and stupidity, rather than inexperience and stupidity. It's typical sociopath behavior. They think they are above the law.
LOL, josey. You claim to be a broker and you are asking that question on a message board? Go back to pumping PLNI.
Right, liquid. Silly me to think that the SEC just overlooked your professional DD.
Odyssey.
Get effing real, liquid. "Filings" with GA under real estate are meaningless. Why are you supporting this obvious criminal?
Subpoenae aren't on Pacer. For someone so cocksure you don't know much.
Right, liquid. I guess those SEC guys just aren't up on their bond learnin. I'm sure Rufus will set them straight when he answers the subpoena he got yesterday.
Did you find that TRO link, liquid? And no, they aren't. The litigation will proceed. The only question at law is the injunction.
Indeed, liable. The SEC may file Monday for a contempt ruling, both on the radio show and on Rufus' continued refusal to answer the subpoena.
Jacob-there are a couple of things in the world you don't want to do. One of them is to try and debate a basher on regs.
Wrong, fhal. The hearing is on making the TRO permanent, not the case itself. Learn the basics of the law, why don't you?
Nope, jg. To not trade the SEC would have to revoke the registration. They can only suspend for 10 days.
It will be a gray market stock, but it will trade. Probably to close at a quarter or less.
That's an easy promise, jg, since it automatically resumes trading at the end of the suspension.
Wrong as usual, gry. The next hearing is only about making the TRO into a permanent injunction. You really don't understand this stuff, do you?
Nonsense, fhal. The TRO dealt only with continued fraud violations. The complaint asks for ruffie to be banned from holding office in a public company.
As I said, you don't know squat about the law.
Fhal-you don't know squat about the law, do you? To get a TRO the SEC had to demonstrate that the had a prima fascia case.
You know what that means, don't you?
LOL. Nuffie the apostate! I wonder if she finally figured out that Frizzy has been playing her like a cheap Uke.
It's already told, chas. Rufus is a criminal con-man. Why do you feel the impulse to defend his lying ass?
Woof at the moon all you want, chas. Ruffie will be very lucky if he escapes criminal charges.
I did, Jimmy. Yesterday. It's about enforcement, dweeb.
That's bad news for you and your ilk, Jimmy. It will lead to increased enforcement, and more aggressive action with regard to the scams you love so well.
Utter BS, cruz. On any given day the total FTD's are around 350 million shares. CMKX was a scam, not an evil "naked short".
GDB, GFY. You will know about the kickbacks soon enough
To bed, perchance to dream of ruffie being perp walked. And the Michigan boyz are so screwed.
Rookie=clearly you don't understand the level of proof required for a tro.
Yes, smallgain, the sec has that proof, and also proof of the kickbcks ruffie got from the discount CD funders. It will be in the ststement of evidence.
Motion for contempt will be filed Monday AM.
Expect some very nasty Michigan resignations soon.
Sub penny scamido may be named in the contempt motion too. You lose your passive carriage status if you act in blind defiance of fraud.
maverick-it will open at a 50% to 90% loss, and go down from there. If you hold this scam you are so screwed.
Blue, are you really that naive?