“True definition of SEC is....'Screw Every Common' (holder)“
They don’t suspend to “protect” existing holders, they already made their bet. They are protecting potential future investors.
And since they know what a suspension means to existing holders they really only do them when there is an overwhelming reason to do it (hence the rarity relative to the overall number of scams out there).
As far as the delinquency suspensions...they frankly wait way too long and give companies more than enough chances to fix it.
If someone stays in a ticker that is delinquent beyond 9 months to a year...the last thing they should be is surprised when it gets suspended.
GFOX was over TWO YEARS....and was warned 10 months ago.
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