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Re: 1manband post# 1252

Sunday, 12/13/2015 9:18:26 PM

Sunday, December 13, 2015 9:18:26 PM

Post# of 1345
This is taken right from the SEC.GOV official site:
"In most bankruptcy cases, the role of the SEC is limited. The SEC will review the company’s disclosures to determine if the company is telling investors and creditors the important information they need to know, and to ensure that stockholders are represented by an official committee if appropriate.

Although the SEC does not negotiate the economic terms of reorganization plans, we may take a position on important legal issues that will affect the rights of investors in other bankruptcy cases as well. For example, the SEC may step in if we believe that the company's officers and directors are using the bankruptcy laws to shield themselves from lawsuits for securities fraud."
Exactly what is happening here - ZQKSQ not going to zero anytime soon, just wait and see. Also can't wait to find out what will be said on this message board then!

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