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Re: microcrapper post# 62672

Friday, 06/05/2009 3:20:30 PM

Friday, June 05, 2009 3:20:30 PM

Post# of 87436
There are different reasons for SEC to do a review regarding a 'listed' company. Sometimes it's at the request of investors and other times it's done in relation to issues regarding the company's own concerns.

If a company files a complaint to SEC regarding concerns around the trading of its' own shares...let's say concerns regarding shorting or naked shorting, then SEC will also investigate the company that makes the complaint...obviously to make sure the company is ligit too!

Same goes for a person filing a complaint to SEC. The SEC will also investigate, to some extent, the person(s) making the complaint to make sure the source is legit and the SEC is not going off on a wild goose chase.

For example, Spooz and 141 have had concerns over the past few years, regarding the extensive shorting and NSS of their stocks. For SEC to proceed with any complaints they would make, then both Spooz and 141 would also be investigated by SEC, too!

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