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Whatever... even if that's the case, they obviously didn't give him much time to respond to "questions". I base that on the fact that unaudited financials were posted five days before the suspension, and he videotaped himself giving out some really incriminating evidence (assuming he's guilty, which you are) after that!
You beat me to it!
Interesting, the suspension notice gives three areas of concern, yet they only mentioned one of those today? Considering what dc posted about the conversation with Bongiovanni, is it possible that all of the concerns have boiled down to an accounting error? Recall that it was stated he said 18 million should be shaved off 2006 books. I'm speculating that that's the amount left on the order to be filled.
Isn't that the pot calling the kettle black? Aren't you the one who accused phish of hijacking Alphadata's website? So much for the objective long theory... lol!
Right, but there are only five business days left until the 20th. Do you think even if a mm filed the 211 it would pass the NASD review by then? Anything's possible I suppose, but trying to be realistic here.
Liquid, for mm sponsorship, a mm would have to file the Form 211, then there's the matter of NASD review. It takes time.
Question:
Will the SEC not disclose its findings even if they're positive? In other words, if Jim gives them all the information they're seeking, will they make a statement?
Skepticism is healthy, cynicism is not. Anyway, I thought you were kidding. If you've read his posts, you'd realize he's anything but objective.
Yeah, the "heist" part of his name tipped me off that he was an "objective" long too... lol.
I believe in miracles! Why should we "expect" one in this case though? Do you know something the rest of us don't?
Hopefully, out of the few shareholders that have/will be visiting the company, one of them will be generous enough to share what he/she has learned. I'm not quite sure why one wouldn't, although I understand it's their perogative.
slorke, we anxiously await...
Oops... I'm a little behind the times. I meant last year's numbers (2006), but I'm assuming everyone knew that. :)
Yes, the SEC wants to know that there is a government contract and that it is for the amount announced by the company. I reviewed some of dc's recent posts and saw one in which he said he spoke with the auditor. He stated the auditor said it appeared that 18 million needed to be taken off this year's revenue number. I'm assuming it's because the entire order has not yet been filled. Wish we had more info/clarification. At least we know the company has been serious about auditing its financials.
I asked Jim about that last week. He stated the o/s on pinksheets was a mistake, thanked me for pointing it out, and said it needed to be corrected. Unfortunately, other things have taken priority since then. He said the share structure on the company website was the correct share count. Another reason I don't think he's lying about the share structure: someone who would make up a $25 million government contract and lie about the float could certainly make up a better o/s... jmo.
Oh, geez, didn't see that... sorry.
Use this link, then look on the left side of the page for what looks like a search box: http://www.cyberkeycorp.com/investor_relations.html
There's now a place on the website to sign up for the newsletter. Go to investor relations and look on the left side of the page.
Thanks, slorke. I wish I could say I was feeling encouraged. How in the world can Jim say he's confident we will not go to the grays? Grrrrrrrrrrrrr!
I'll check back tomorrow to see what dc has to say.
Are you telling him that we're all waiting? lol
So you've spoken to him? If so, did he mention whether or not he'd be on tonight. It's the only reason I keep checking back here. lol
slorke, I think we're all in the same boat. My only point is the verdict is not in yet, so it's silly for people to be so dogmatic. While some have already decided Jim's guilt, others have prematurely martyred him as well. The fact is none of us know anything more than anyone else. We can use past experience as a guage, hence preparing for the worst. At the same time, most of us have lived long enough to know that there are exceptions to every rule, and it's only natural that we hope we will be that exception. I personally don't get all the arguing. Many of us are just looking for clues so we can better prepare ourselves. That's why I'm willing to bet the board will get really busy once dcbass posts. lol
It's possible, but none of us know that for a fact... or do some? I mean ice knew about the suspension before it happened so I suppose it's possible some of you know the outcome ahead of time as well.
People can place emphasis on any words they choose. I like doing it this way:
These 2 things are significant:
When can the SEC suspend a stock from trading?
When it serves the public interest and will protect investors, the SEC may suspend trading. For instance, the SEC may act when public information about a company is not current, accurate, or adequate. The SEC has acted when serious questions arose about a company's assets, operations, or other financial information.
Why would the SEC take such action when it knows it will hurt current shareholders?
Because a suspension often causes a dramatic decline in the price of the security, the SEC suspends trading only when it believes the public may be making investment decisions based on false or misleading information. Suspensions give notice to current and potential investors that we have serious concerns about a company. A suspension may prevent potential investors from being victimized by afraud.
Some of you have already decided Plant's guilt and are shining up the guillotine... only in America... (sigh).
Has anyone contacted the auditor this week?
Now if only we could find dcbass, we could call it a day. lol
Cyberkey just fits right in with that pack, doesn't it? lol
Awesome work! You've provided the first glimmer of optimism since the suspension. Thank you!
Yes, exactly. There's no way the company would post incriminating evidence against itself during a SEC inquiry. So, either the SEC did not give the company much time to respond to questions prior to the trading suspension (as many are claiming would have happened) or the company thought posting the uafs would help its cause (lol). I lean toward believing the company was not given ample time to respond. Therefore, contrary to what many are claiming, the jury is still out on this one.
What time is his visit?
Stranger still, just five business days before the suspension, the company posted unaudited financials on pinkseets!
Sheer silliness... "Since we have the SEC's attention, let's commit fraud." I mean c'mon... lol.
tomm, are you suggesting that the company put out bogus news as part of a pump and dump scheme during a SEC inquiry? lol
Hello everyone. First time poster, although I've been lurking for some time. I'm interested in comments that have been made regarding probable inquiries by the SEC to CKYS prior to the suspension. How much time does the SEC typically give companies to respond to inquiries?