One Step Ahead

[TigerCat]

Bo14172, what do you make of the fact that CMKX is supposed to have 60 days from the filing of the ammended form 15 to file all delinquent information, yet the SEC, with this administrative action, has reduced that?

They should have 60 days from the filing of the ammended form 15, or until April 18th, to file all the paperwork they would've been responsible for had they never filed the original form 15. Now they are being given 20 days to respond to these allegations or face possible long-term suspension or revocation of registration. It seems to cut the total time down by 10 days..

As I understand it, if CMKX does not answer these allegations within 20 days, the SEC could act against them and do whatever they wish.

All this action against CMKX seems unreasonable at this time. If, after the 60 days they still haven't filed all the forms, then this action would make sense to me. Am I missing something?

-TC