It's like blackmail. They have the resources to keep you tied up for years, at they did here. MSGI tries to relist and the sec needs a scalp before they let it do so. Otherwise, how could they justify the four years of holding up a public company from operating.
Unfortunately the government has gotten to be the enemy in so many ways. People have written books about the way they prosecute these days. Throw everything at them and make them settle because fighting the charges takes too much money and too much time. Lawyers do a calculus and it's cheaper to pay the vig and move on.
There isnt anything, QUICK about SEC, judges signing off, on their cases. Another OTC company, has been waiting, over 2 years, for a simple, sign off after, both parties settled.
1:14-cv-05820-LTS Securities and Exchange Commission v. MSGI Technology Solutions, Inc. et al
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