Friday, March 09, 2007 2:28:01 PM
they are not looking out for current investors, because they are viewed, IMO, as already damaged and there is no repair. But they ARE worried about unsuspecting potential investors and newbies being brought into these companies NOW. It is too bad that they could not help current investors. I guess they have to wait until they get enough complaints and ambiguous answers from the company to suspend it..
In my previous experience with other suspended companies, the SEC DOES contact the company for answers FIRST, and if they do not get a satisfactory response, they suspend it, to investigate further. The SEC does not arbitrarily suspend company stock trading based on mere complaints, they would have contacted Mr. Skolnik before the suspension.
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