Thats not really what I meant to say; but I don't know what we are allowed to say; so I'll say this.
The SEC looks for any reason to ding any company that has a large NSS position, it took the SEC three years to implement an obvious regulation. "the naked short position must be covered"...and the more brave regulation that MM's have to cover the NS of the stock thats underlying an option.
The SEC employees were caught trading from their desks with inside information.
So if Baltia has an NSS position, or a regular short position, it is my opinion that the SEC will look for any tiny thing to mess up a stock that should be trading at a better prices and get the pps down.
Regulation SHO.
That is why Baltia is so good. It doesn't have a Toxic Debt NSS problem or regular short stock problem. At least shorts have to cover their shorts and they have to purchase them on the open market.
With Baltia, we know that if anybody shorts the stock for stock manipulation, they cannot just convert some minimal amount of their bond into a share and cover without purchasing on the open market.
THat is what I meant when I see the SEC going after a start up company's audited financials.
And hey, Kmart was shorted to low pps and they were a blue chip; same with Adelphi, and Enron (tons of NSS), and Tyco and on and MCI or Worldcom and they all had nice big audit firms signing their financial statements.
AI
