cpar: "really, the last i read said nothing about charges, just an investigation. care to clear that up for all of us?"
pj: "No, its a notice of the charges SPNG will face in court. Put whatever spin on it that makes you sleep well. The facts are that those 16 items are what SPNG, its mangement and insiders will face."
I should know better than to get involved in this, but........
Obviously the Wells Notice has a list of charges in it.
But is not necessarily the charges SPNG will face in court.
It is the list of charges that the SEC staff preliminarily intends to ask the Commission to file against the recipients. And the purpose of the notice is to allow the recipients to respond so that the response might be included in the Commission's deliberations as to which charges to ultimately bring, if any. It provides a focus for settlement discussions.
Everybody's wrong. I win! :O)
