Don't let the noise get you down, Renee. I assure you it is not futile, and people do listen. Even the SEC, occasionally.
I know it may seem at times that the message doesn't get through, but it often does. Keep in mind that academic studies show that for every poster on an internet message board, there are 20-50 people who read, but never post. It is often those people who "get the message" as they are quiet, but receptive, as they are reading for information.
And I also look at it this way. Sometimes people need to experience something before the facts sink in. So a lot of people need to go down with the ship, so to speak, before they learn not to get on board a leaky boat in the future.
Regarding the SEC and delinquent filers, it has been my experience that the more often a delinquent filer is reported to them, the more likely they are to do something about it. With the SEC, the squeaky wheel absolutely gets the grease. So the more people that notify them of specific delinquent filers, the more likely it is to be suspended. The same is (somewhat) true of other violators.
So keep sending in those lists. And when a stock on the list begins to show signs of a pump and dump or other illegal activity, I suggest everyone send the SEC a specific notification about that stock and get it in their system by itself.
Here are the specific SEC contacts for delinquent filer notifications that go directly to the Delinquent Filings Group:
DelinquentFilings@sec.gov, or call (202) 551-5466.
AI
