Replies to post #42879 on Solei Systems Inc. (fka SOLI)

[EdF]

Very well said daiello, my thoughts exactly. Not much more to say here at this point, just have to wait to see how it shakes out. Hoping for the best for all the CareClix longs.

[Bucko82]

Daiello, excellent perspectives and context. Thank you.

I would add that the SOLI executives and Board need to address this situation head-on and disclose whatever they can regarding this suspension. What happened, what did they do to respond, what impact will this have on critical events scheduled to occur over the next few weeks, etc. I don't believe that Dr. K meant to say anything misleading; however, if there are other actions or questions that the SEC is claiming rise to the level of investor fraud, we need to know about it sooner than later.

I too am hopeful this will turn out to be a misunderstanding that can be rectified; however, it will take extra communications and transparency by SOLI executives and Board members to make it happen.

It is very hard for me to believe there was any planned, ongoing intent to misinform the public. Based on all of the actions SOLI has taken over the past two years, they have been doing the right things along the way. This includes added four new Board members just this past January. We need to hear from them soon and with a structured message about what happened, why it happened and what they are doing to address it.

[was16]

It is my understanding that the SEC doesn't tell/notify companies prior to a suspension.
It makes sense not to notify a company because you don't want to run the risk of letting some select people sell their stock.

So the delema is the SEC halts first and asks questions later.

So as you say, it is now a waiting game. SOLI needs to address the SEC questions.
I am not sure we hear anything until that takes place.

I know rstar posted the recent case of ZOOM. Here is a company who's share price rose 300% in a very short period of time because some people mistook it for the company named Zoom (who does video conferencing and was getting a lot of press with the coronavirus). So the SEC halted them just a little while back, it was looked into, resumed trading and today had a name change.

So the SEC does jump the gun and does make mistakes.
I expect the problem with SOLI will be rectified soon.