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Thursday, April 07, 2022 6:21:22 PM
it would be difficult for the sec to find any intent when judges dismissed all the lawsuits-
and without intent all you have is negligence-which is civil infraction- if all companies received the level of scrutiny ZN has since 2018 many of them might not have dotted all the i's or crossed all the t's- most such examples are not actionable absent a political intent from the prosecutor
this june will be 4 years since the announcement of the formal inquiry- i would think we would have heard something by now if sec had found something actionable
as I noted recently:
all the RESULTING lawsuits against ZN were dismissed by judges- the majority as essentially a summary judgment- which means no reasonable person could find ZN guilty of the things charged-
so its hard to see how the sec could eventually find 180 degrees different-
its not sec policy to announce the end of an investigation even when judges dismiss all charges -its almost 4 years since the formal inquiry began- if there was something serious we should have heard something by now -sec cant prove intent so only charge would be a civil infraction/fine if anything - but pps acts as if they are destroyed!!!??
Imo. Do your dd before investing. I'm not a financial adviser nor compensated for my posts. They don't believe what they say, so why should you?
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