Friday, October 06, 2017 11:34:24 AM
However, I would like to point out that this could be a good thing. This investigation could find nothing wrong. The benefit of this is we are getting current information from the company, which has been eerily silent. This might remove the Caveat Emptor status.
The SEC may have found reason enough to investigate because of the combination of the name change and late financials. Maybe someone complaining about the pumpers, and they listened.
This DOESN'T mean that they will find something, or that it will go to the GREY market (Pink-sheets has changed names to Link, which is why "formerly pink-sheets" is said).
Also, the notice lists a phone number to contact if anyone has information:
"If any broker-dealer or other person has any information which may relate to this matter, contact Jason Berkowitz, Assistant Regional Director, Miami SEC (305) 982-6309, or Michael Paley, Assistant Regional Director, New York SEC (212) 336-0145. The SEC appreciates the assistance of the Financial Industry Regulatory Authority."
Might be worth a call.
I just want us to stay positive. Good might come out of this.
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