Replies to post #16280 on Act Clean Technologies Inc. (fka ACLH)

[Tavycal]

You couldnt be more wrong. The SEC can ONLY suspend for ten days. Then the company starts trading on the greys. Then, if warranted, the SEC moves to revoke their registration. PERIOD

Oh and before you can jump on the fact that the SEC will not post their findings, I mean when they lift the suspention which is an indicator that all was found legit with the company or whether they extend the suspention which would mean they weren't satisfied with the documentation they requested or needed.
Just a clarification!!!!!

[TEX]

Nope. Easy to see why you think that--a lot of people do.

Fact is, though, the SEC can't issue another suspension *unless* it is for a different reason.

By the same token, the original 10-day suspension ends as scheduled, regardless of whether the SEC has opened an investigation, will open an investigation, or will *not* open an investigation. So the end of this suspension reveals nothing about anything "found legit"...or not.