Thursday, July 25, 2013 1:56:56 PM
Then the next logical step is to have their lawyers go to court, and seek an injunction against the SEC action. Not happening is it?
What SEC regulation gives them that power? The SEC can not pronounce them guilty, and shutdown the trading of the stock beyond the 10 day suspension. Only a civil court can determine guilt. As previously posted, that could be up to 2 yrs+ away. If the company stops filing, the SEC can eventually delist the stock. The only other thing the SEC can do if management engages in another P&D while waiting for the legal process to play out, is to hit the stock with a second suspension. I've not seen any examples of that occurring with any of these microcap frauds. Wonder why.
Buy all you want. Not for me to say, you must buy, must sell, must hold. Maybe some pump gang will arrive, where you can do a trade flip for profit? At least with the management and affiliates essentially locked out of the market, it becomes a retail trading game. Where rumors can become more powerful than non-existent fundamentals ever were.
The Jewel of the Mind is Colored with the Hue of what it Imagines
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