That's true, but this action didn't come outta the blue. Current shareholders have had plenty of warnings...
one thing that i find confusing is that it says this action is taken to protect shareholders....how does it do that? i guess it protects FUTURE shareholders but i don't see where it does anything for present ones except wipes out their money.
And I just had an epiphany of sorts. Recently the SEC pulled the registration of 26 companies that had failed to file for varying lengths of time. Some were pinkies, others OTCBB. Many were run by Alan Wolfson's nephew Richard Surber. They'd been after Surber for some time, but since he's been careful, this seems to have been the only way they could get at him. PCBM/SRCI has also been a thorn in their collective side.
Soooo...I think we may finally know the reason CMKX hired Glenn. Betcha anything the SEC was threatening to deregister them. I think this makes pretty good sense...
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.