It wasn't even 'whistle-blowing', malibu4u.
It was 'payback' for being publicly humiliated. Plain and simple.
MMG was humiliated by JR, if you re-read that "false statement" PR, and put yourself in the shoes of (dispicable?) MMG.
MMG thought they could con their way into the sweet role of KMAG IR.
JR wasn't buying. He did exactly as I'd have done: issued a false statement PR.
Problem is/was, you don't publicly humiliate known professional stock market manipulators (oh! my bad: 'marketers')...and expect to get away with it. Pro's that they (MMG) are, know how to manipulate everything and everyone; the stock market, the SEC (ahem) watchdogs of the market, and the courts too, probably.
They're pros (MMG). They are a group. With 'tentacles' far and wide, that work in many ways.
Bribing an SEC 'someone', in some way, is probably all it took. Bamm! Suspension.
Sad part of this 'payback' is, MMG never even effected JR that much. Probably didn't effect JR 1/500 what it effected s/h.
JR is just one person. KMAG investors are well more than 500.
I guarantee that size s/h base can do some serious class action damage.
It's not a tough argument that atleast 499 investors experienced some sort of hardship because of the SEC's (bribed?) ease in halting KMAG.
Hmmm...MMG runs KMAG to .0231, shorts like crazy, then bribes a SEC porn surfer to initiate an (ahem) 'investigation'.
(An (MMG inspired) investigation/halt/suspension that resulted in mud on SEC's face for being MMG's pawn!
There's suit in that kinda irresponsibilty, even against the gov/SEC.!)
