Medley Management Inc. (MDLM)

[56Chevy]

When indeed!

However I do think there's reason for optimism.

The BK started March 7th of 2021 but the SEC started breathing down the necks of some potentially bad actors long before that on Dec 18th of 2019 when they started the "formal order of private investigation". That in turn initiated more heat in the form of Wells Notices handed out May 7, 2021 to six pre-IPO owners of Medley, each of whom is a current or former officer.

The Wells Notices provided that the proposed action "would allege violations".

This means to me the bulk of this process tracking down who did what when with $44 Million dollars has been done. Now its just a matter of how bad do some people want to risk time in the slammer.

I think this means we're in the settlement phase.

Marker:
Medley Management In (MDLM)
1.76 0.0 (0.00%)
Volume: 22,428

MDLXQ currently at $0.55 @ share
MDLQQ currently at $0.47 @ share