If inquiry, no closing of an investigation is required. Then if inquiry, it is usually followed by a letter to company regarding the inquiry the SEC Action required. In this current inquiry, should the questions of inquiry be settled, would not trading resume on Pinks under the approval of SEC, as all questions would then have been answered?
Does not the filing of a Form SEC S-1, the direction company was headed, when the SEC took its action, answer all questions of inquiry?
I don't know what really occured here, but it does stink...
Sort of reminds me of someone who kicks the cat, because they had a bad day.
SEC has taken an action, damaging the company in its path, and has damaged the trader, and the buy and hold investor, it seems to me prior to doing a proper investigation or inquiry, as whatever word you choose to use.
By Mandate they will always have oversight, I believe all understand that one.
More importantly, I believe action causes a reaction...
Where is the complaint...
Why did they decide to suspend, other than someone at SEC could not pick up the phone and call the company for the answers of their inquiry or investigation...
cMoney was not required to file anything with the SEC, approved by SEC...
But suspend for these questions of inquiry or investigation?