Sunday, July 07, 2013 3:22:37 PM
As in who cares the SEC has signaled to the market, management has violated securities laws, and engaged in fraud or promotional activities. Unclear how that translates into being a sound investment.
You seem to have been busy with a slew of posts. Without reading all of them, was there one which started POLR had an exploratory well, giving the initial flow rate? Without that there are no proven reserves. Doesn't matter if the POLR lease is next to a producing field or not. Owning a lease in an area the likes of Exxon said - no thanks should tell you something.
What we do know is the SEC has accused the company of inaccurate PRs, and participating in a stock promotion scheme. Essentially the SEC has accused management of this company of fraud. If that's the type of stock one enjoys "investing" in, then by all means keep buying. But it won't change the fact the SEC has warned the market it has found securities violations sufficient for later civil court litigation.
The Jewel of the Mind is Colored with the Hue of what it Imagines
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