Well stated, but doesn't clear them from what occurred, in the manor of occurrence.
Although they'll likely use that SEC Claus as a scapegoat.
But I doubt the SEC formed that Claus with scapegoat excuses mind.
They still should have disclosed the cancellation proceedings in their SEC filings and PR's. -But they didn't.
Instead, they disclosed a "Successful emergence from Bankruptcy" as to imply the company's freedom for growth, confirmed by announcing the opening as a NEW company.
Who would sell all their shares with statements like that?
So the argument goes both ways.
Unfortunately, with the right lawyer, the SEC clause might even work in their favor.
However, they're still wrong regarding how they went about it.
Besides, all the Government done in that clause was take money out their right pocket of debt and put it into their left pocket of debt.
Because they'll be footing the refund of the incurred capital losses by next tax season.
Which is governmentally stupid, -with all their talks of cutting unnecessary spending, but then allows "unnecessary" crap like this to occur to throw money at.
SHSNQ/SHSN may get away with their scheme but the government will lose in the end.
Rest assured, there are mow more people who are aware of claiming capital losses on their 1099 tax forms than ever before.
Maintaining TRUTHS requires 'little to no effort' than Maintaining LIES.
AI
