Tuesday, May 15, 2012 2:09:23 AM
An initiative tabbed Operation Shell-Expel by the SEC's Microcap Fraud Working Group utilized various agency resources including the enhanced intelligence technology of the Enforcement Division's Office of Market Intelligence to scrutinize microcap stocks in the markets nationwide and identify clearly dormant shell companies in 32 states and six foreign countries that were ripe for potential fraud.
http://www.sec.gov/news/press/2012/2012-91.htm
Cassandra merely stated "long dormant" but it was just a descriptive term and it wasn't quoting the SEC. But one could quickly surmise just with common sense that it would have to be at least somewhat factual. Given that to "identify clearly dormant shell companies", they would have to take in some time factor of being "dormant".
But just for the heck of it, I randomly went through about 50 of them. Guess what, they all were "clearly" "long-dormant". Maybe someone else could go through all 379 of them and get some percentage of how many have been "actively trading" (opposite of or not "dormant") or have not been "long dormant". But as it stands, it was only a factual description and explanation of that it was a different process that wouldn't include MDGC. Trying to erroneously state or insinuate that because MDGC wasn't on the list makes this company OK or in the clear of many other type of SEC investigations was the "shuffling" I noticed.
The SEC list of long dormant stocks does not give reason to have any "shuffling" of responsibilities that this company has for it's reporting standards, accuracy, transparency, and coming through with all of it's proclamations that it hasn't done in years.
DON'T FEED THE CLOWNS
THE REAL DTCC DISCUSSION
http://investorshub.advfn.com/boards/board.
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