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Re: tippingpnt post# 380

Thursday, 05/22/2008 11:29:13 PM

Thursday, May 22, 2008 11:29:13 PM

Post# of 527
It has been said that members of the senior management of AETE made the demand of the SEC that the trading suspension of AETE stock be extended for the purpose of protecting the company, it's stock holders and the investing public while the internal investigation was being completed as well as that of any regulatory and enforcement agencies looking into the activities of the perpetrators. That obviously was not capable of being accomplished for reasons unknown at this point.

Easy answer: by law, the SEC can only suspend trading for ten trading days.

Hard question: why on earth didn't "senior management" have any idea what was going on?

What a mess!