Of course it will be up to the judge to determine if this is such a case, but I see them offering no defense other than showing the good faith and vast contrast in current leadership versus leadership prior to Mr. Meheu.
I take your point, but unfortunately Urbie is still President, Secretary, Treasurer, CEO and director of CMKX. The argument you outline would be a lot more credible if he'd been given the boot.
And don't forget: CMKX is supposed to file a response to the SEC's allegations by Monday. Have they done that yet? Will they do it?
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.