Too bad for Southridge bagholders that the SEC felt different. Southridge presented its "evidence" and the SEC promptly suspended them and consigned them to the pit of despair known as the grey market.
The "good news" is that more than half of the stocks that get suspended also wind up getting revoked and no longer trade. { 8^D
The SEC looked at KGC's statements and Southridge's statements and..... THEY SUSPENDED SOUTHRIDGE. Further investigation by the SEC is solely to determine whether it would be in the public interest to bring criminal chares against the Southridge perps.
Hope that helps to better understand the situation.
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