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TenKay

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TenKay

Re: Teedlum post# 100746

Sunday, 09/04/2011 10:34:11 PM

Sunday, September 04, 2011 10:34:11 PM

Post# of 103308
Beyond that do you think the SEC wouldn't care if Mike bonused himself and others a few million bucks in effect raiding the company?

Believe it or not the SEC would not care one bit. However, If they PR'd a set of financials that misrepresented the bonuses, then the SEC would care...but as a grey sheet or even pink sheet they don't have to say or issue anything...so frankly it could happen and you would never know...and not a single law would be broken.

In this case, silence can truly be golden.
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