Well I'll bet dollars to doughnuts, make them Krispy Kreme please. That it ain't gonna happen. Just eatin Krispies.
From all I've read, and the levity of the "Charges". Nope. This is going the distance. Ran a biz for 18 years. You Can Not Juice the books and then say whoops. It's Judicial Responsibility and those signing the documents have the responsibility to "Know" what they are signing. Did it every year when it was tax time. It's the documented 'Intent" to defraud that is going to hang them. I'm not saying whats going on is right. What I'm saying is someone at the SEC wants a feather in their cap. Kind a like selling an ounce of coke to a cop during a traffic stop. With the Skype transcipts they are busted caught red handed.
Correct. I read at least 75 to hundred cases yesterday, most settled at some point. Not all but most. But make no mistake about it, the settlements were pretty stiff in most cases from what I understood from what I read.
The company has good attys, very experienced. I am quite sure this isn't there first ride at the rodeo. They will advise the company the best path to resolution. But the government can be real hard- asses. It may take some time.
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