If the SEC was wrong will they accept their mistake, or can the company take some legal action to come out clean?
The SEC would have notified ACLH prior to suspending them with tier request for information. Since that request was either ignored or not satisfied tot he point where the evidence supported the PR's it was suspended.
You see, it is the company who has to present the facts that support the PR's. If they fail to do so, and obviously they did, the stock is suspended. The SEC did not make a mistake.
If any mistake was made it would have been from ACLH. Now, if the evidence existed to back up the PR's it certainly would have been released to the shareholders would it not?
I mean, why would they just clam up and not make any official statement via a PR outlining their next move? No filings, no updates and no MM's when it opens on the greys.
Can't blame the SEC for ACLH inability to present valid information to satisfy the SEC request.
Well, you can but that would be irresponsible.