News Focus
News Focus
Followers 190
Posts 61809
Boards Moderated 10
Alias Born 12/20/2004

Re: Zorax post# 43794

Sunday, 11/20/2016 11:06:33 PM

Sunday, November 20, 2016 11:06:33 PM

Post# of 49370

EDITCorrection, I believe a Wells Notice is sent to a company announcing an ongoing investigation and the beginning of litigation against said company. I would not be surprised that unfortunately for hjoe shareholders there may be a Wells Notice in the hjoe office.



I stand corrected by Janice Shell about the above quote I made earlier. Thank you Janice.

"Wells notices are sent when the SEC has substantially completed an investigation and intends to sue the company and/or the individuals to whom the notice is sent. The company or individual can, if it wants, submit a Wells response, or not. Some lawyers advise against that. In the end the Commission decides whether to go ahead with an enforcement action or not."

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today