The wait for the ruling here has moved to beyond ludicrous. The issue of a civil penalty for 8000inc was ripe for a ruling in November, the case itself was closed sans ruling on April 7th. The SEC reminded Judge Griesa that the issue was unresolved on April 8th in a PR, the Judge reopened the case in May, and here we sit in late July with still no ruling. Jonathan Bryant and Thomas Kelly received no civil penalties, it wouldn't be out of the ordinary to order no civil penalty for 8000inc. However, even if Griesa were to order for a civil penalty, there is no company, no assets, no representation, no effort to defend any litigation during the entire length of this 3 year trial, so why not fine 8000inc a million dollars to look good on paper, no payment is forthcoming regardless.
Any ideas as to a reasonable explanation for a near 9 month delay on what would seem to be a moot point?
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