Telynx (fka TLYN)

[jurisper]

fringe: Personally, I doubt that the SEC is targeting TLYN over any TLYN-specific scam issue. From the order: "All of the companies at various times had officers or directors who at one time served as officers or directors of Phoenix Waste Services Company, Inc." I guess that's a clue to why they're focusing on TLYN now.

On a quick look, I don't find any TLYN-connected individuals who fit this description. But my guess is that it's ancient history, back to the early or mid-90's, when TLYN was a healthcare thing called Meadowbrook, whose main shareholder was Heartland Advisors. Heartland is in the middle of an SEC securities fraud action. This is to do with bogus pricing on their junk bond investments, but maybe the investigation has gone wider, and the suspension/revocation hearing actions against TLYN & the others are just some cleaning up around the edges.

I don't think it's correct to say the SEC "uses the filing issue to get non-filers to file". As you say, it's just a mechanical process - once you get targeted, you either convince the judge you're compliant or about to be, or you get revoked.

I haven't sent anything to the SEC about TLYN since Mataras' cert-pull thing back in 2005 or whenever it was. I've pretty much given up on sending them stuff - never seems to have any effect.

I know you are capable of discussing this stuff dispassionately without the low-rent rhetoric - you should do it more often.