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Re: Arrow335 post# 5233

Friday, 02/09/2007 11:41:28 AM

Friday, February 09, 2007 11:41:28 AM

Post# of 12962
The SEC doesn't suspend trading on most stocks it investigates. CKYS is far from unique in releasing allegedly misleading information and financials. IMO the tipping point for suspension on this one was probably those who sent in complaints about NSS, bashers, and other non-issues. When the number of complaints reaches a certain level, they grab attention. Diehards embrace wacky theories, and many use very abusive language. After being bothered by these types on different OTC stocks, I think the SEC has a low tolerance for them. Add to this a company paying pump outfits and forum mods stifling those w/ opposing viewpoints. There could be some other hidden factors like insiders not cooperating.

Guys like iceman who report problems w/ specific details help an attorney build his case. Unless the issue raised is health related, a public threat, or some sort of market meltdown, it's very tough for DD'ers alone to get the feds to move at a reasonable speed. Since the SEC employs a small army of accountants, IMO the best complaints to send are ones pointing out questionable areas in a company's financials. Even on these don't expect a suspension or timely reaction w/o the environment already being primed.

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