SEC putting FrogAds' "feet to the fire" I'm surprised that nobody else noticed this letter from the SEC to FrogAds management. Here is an excerpt: We remind you that our comments or changes to disclosure in response to our comments do not foreclose the Commission from taking any action with respect to the company or the filings and the company may not assert staff comments as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States. And here is a link to the letter. http://www.sec.gov/Archives/edgar/data/1492683/000000000011067849/filename1.pdf