Just for fun, let us reflect on this. Popeye alerted the SEC a while back about PIHN. I think it was February, January maybe. Popeye, help me out on this. At any rate, we all have suspicions that Polaris, as well as Staff IS, is a fabrication dealt to us to deceive us into thinking that the company was doing well, getting business and damn near profitable.
We ask ourselves, questioning with boldness, does Staff IS exist? Why don't they answer the phones? Who are these Fortune 100 or 500 businesses that they do business with? Are the 10Q's and 10K's fabricated by a crooked accountant and attorney? Or are they real? Impossible to know because we receive no real information about it except for the financial statements.(If they are real.)
For those of you (and there are plenty) that know more than I do about such things, if the SEC was alerted to this 'supposed' scam approximately 1 1/2 to 2 months ago, would they be far enough into an investigation to prove or disprove that these companies/entities actually exist? Or not? I don't have any insight on how the SEC works or at what speed. Do they work that quickly or just blow it off as another pink scam? How much information do they have on PIHN if any? That being said, if the SEC was on top of this and Staff IS and Polaris appeared to be a scam, wouldn't they have halted the stock by now?
Remember the 17 Pink 'companies' that the SEC halted months ago for speculation of naked shorting, failure to deliver or whatever their reasons were? Some of those, one I own in general was halted for failure to produce timely financials and was pulled off the 'halted' list after financials were produced shortly thereafter but ended on the Grey Sheets.
Whenever I'm confronted with something that seems skeptical to me or just doesn't seem to make sense, I put my compass on a back azimuth and look in the opposite direction. 180 degrees from the direction I'm going. Many things about this seem sketchy to me but some things don't make enough sense to call it a scam yet. This one really baffles me. Maybe it's a new kind of scam where there is no pumping by the company or the 'Armies' that are so famous for the pumping. We all know that the 'Armies' always front load and pump junk stocks. Why aren't they here?
My question to the jury is simply this: If the SEC acted on this and investigated it, found it to be a total fraud, wouldn't it be shut down by now? I'm not talking about the DTCC issue but the 'scheme' in general. Any input on this matter from those who are better in the know about such situations would be greatly appreciated.
I started with 'Just for Fun' so I'll end with it as well.
Just for fun, isn't Wednesday Kuni's favorite P/R day?
God Bless You All...Good Luck and Fortune to Us All!
