James Altucher Shares Perceptions As A "Bitcoin-Bull" .....
Obviously ..... the cryptocurrency world empowered by "blockchain technology" has been seeing strong resistance as "players" takes sides to protect self-interests ..... James Altucher chimes-in with some timely and sobering thoughts .....
Why doesn't BITCF file a lawsuit against the SEC if they aren't guilty of fraud - why doesn't any of the companies suspended for fraudulent activity file lawsuits against the SEC?
Companies like BITCF doesn't want to be exposed during discovery.
Plus, the SEC understands that they have given the company a death sentence from the suspension and moving to the greys. The SEC has accomplished their goal of stopping the fraud so no other are harmed.
Let me try to help you understand this one more time.
Today, there was another suspension for cause:
The Commission temporarily suspended trading in the securities of GRUI because of because of questions regarding the adequacy and accuracy of statements in the company’s September 7,2017, press release about the company’s provision of Hurricane Harvey disaster relief, including claims that the company had added a “FEMA approved contractor” to the board of its subsidiary and that the company was currently deploying workers and preparing to deploy a network of mobile broadband trailers to assist with Hurricane Harvey relief efforts in Houston. There are also questions regarding the adequacy and accuracy of other statements made in the company’s prior press releases.
While the SEC said it had "questions", what it very obviously meant was that the claims made by the company about Hurricane Harvey relief were fraudulent.
It suspects the company has said other things that aren't true as well.
And that is how it works, though suspension notices are rarely that specific.