Greg Halpern had not completed the required SEC filings for three quarters. He filed a ridiculous 8-K. He was planning on filing an extension before he was shut down by the court. He intentionally took MAXD to the Expert Market to force Vechery’s hand. He was running out the statute of limitations to avoid forensic accounting. He has a long track record of running pump and dump schemes that only work out for people on the list. He’s been running the company as his personal cash cow for years and “looting the shareholders,” according to the judge. If anyone is responsible for the SEC potentially “suspending this ticker” it is Greg Halpern, not Harvey Vechery.
By the way, to the question the board poster asked about this comment, “SEC is destined to suspend this ticker soon Okay!!!!,” the first question I would ask is why is this board poster excited about the SEC suspending the stock? Does Halpern think this leaves him off the hook? Hardly.
The SEC does not publicly announce when there is an ongoing investigation. I personally know of several shareholders who filed complaints with the SEC in the past and others have openly stated on the Yahoo board that they have been communicating with the SEC, as well as the DOJ, about Greg Halpern and MAXD. Does that mean the SEC is going to suspend MAXD? I have no idea. In all honesty. It’s entirely possible as there are certainly issues with the way Greg Halpern did business, but none of us have any way of knowing what they are going to do, or if they are even considering it. The government moves slowly, especially the SEC.
Is the potential for an SEC suspension a concern for the Vechery legal team? I would imagine it would be. I’m sure that’s one of the many things they are dealing with when Halpern ran the good ship MAXD aground on Vechery’s doorstep.
