"vaguely that the SEC is interested in "five things"."
As of Wed, Barty and his lawyers didn't have the details of the accusations. They most likely just found those details out yesterday. No sense revealing what those 5 things are unless they have detailed responses. Just revealing those "5 things" would have created rampant speculation. His attorneys are most likely working on a detailed response as of now to those 5 things. That's what needs to be PR'd.
"Knowing that reporters can and do get things wrong, he was taking a risk"
Yeah, that could be true. Or the interview could have been dictated. Controlled responses. It's not like he interviewed with Chris Jensen, a well-known LLEG hata. Look who interviewed him, "Monitor Staff". SEC suspension or not, Barty and friends are well-connected in North Country now.
"Companies in this situation are not going to sit down and have a cozy chat with the SEC"
Maybe not, but I doubt they're mortal enemies. That is, their attorneys. If they still have the same legal team, Herrick, Feinstein LLP. Very respected law firm here in NYC with extensive experience in regards to Securities Law.
"Some suspended companies choose not to comment at all; others say something like: "We're cooperating fully with the SEC, and hope to resolve this matter as quickly as possible"
According to many of the experts here in the grey market, 99.5% of those suspended companies stay in the land of Hades, never to recover. So we are not really concerned how those "other" companies handle a suspension.
It doesn't matter how LLEG responds, most (longs and grey mkt experts) will stand their ground to the very end until ultimately, their fate is sealed. That sealing hasn't taken place as of yet.
AI
