InvestorsHub Logo

IQ1

Followers 6
Posts 1052
Boards Moderated 0
Alias Born 05/09/2008

IQ1

Re: Investorman post# 284754

Wednesday, 12/02/2009 10:15:34 AM

Wednesday, December 02, 2009 10:15:34 AM

Post# of 358440
LOL you're kidding!
They were Suspended and then a few days later you were still able to buy CMKX shares again.

What kind of system do we have?
The only individuals that were not able to purchase shares were in Saskatchewan or something.

The SEC can't keep a stock Suspended!
All they had to do was come up with another reason to keep it Suspended for another 10 days and there were plenty to choose from.

You know it and we all know it... the SEC could have done more!
Yes the Congress is partially to blame for this since they have not given the SEC any authority. If the SEC is 100% certain with proof that something illegal is taking place they should be able to suspend a stock till the evidence is provided in the court to revoke it. Secondly when something involves this many thousands of shareholders it should be expedited and given top priority.

Fraud on a mass scale should be treated differently in the courts don't you agree?

Join the InvestorsHub Community

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.