(Total Views: 485)
Posted On: 05/15/2021 1:31:12 AM
Post# of 22467
This is the problem with stock chat boards.
People rely on incomplete information.
The SEC suspends companies for 10 days to examine the situation.
When trading resumes on the next day, they don't announce anything, good or bad.
They may stop investigating or may continue investigating, but they won't tell you.
They say on their website they do stuff to protect shareholders - that's you.
They protect you two ways - discovering fraud and malfeasance or
doing nothing if the company is in their judgment a legitimate enterprise and can show upcoming revenue.
Will there be fines or penalties? That's up to them.
But if the SEC comes down hard on a company that can show they are trying to
get current and up-to-date, if that company can show it has financial backing and is involved in legitimate business practices, then the SEC would be punishing the Shareholders and I do not believe that is their intention.
My point DJ, is that there is a difference between legitimate and fraud and the SEC would not in my opinion treat different companies the same. They are not going to incapacitate a going business that can show positive intentions and results.
People rely on incomplete information.
The SEC suspends companies for 10 days to examine the situation.
When trading resumes on the next day, they don't announce anything, good or bad.
They may stop investigating or may continue investigating, but they won't tell you.
They say on their website they do stuff to protect shareholders - that's you.
They protect you two ways - discovering fraud and malfeasance or
doing nothing if the company is in their judgment a legitimate enterprise and can show upcoming revenue.
Will there be fines or penalties? That's up to them.
But if the SEC comes down hard on a company that can show they are trying to
get current and up-to-date, if that company can show it has financial backing and is involved in legitimate business practices, then the SEC would be punishing the Shareholders and I do not believe that is their intention.
My point DJ, is that there is a difference between legitimate and fraud and the SEC would not in my opinion treat different companies the same. They are not going to incapacitate a going business that can show positive intentions and results.
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