I'm not privy to those negotiations but a post in
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I'm not privy to those negotiations but a post in June noted Bobs lawyer had been in contact w sec-I think after doj matter was settled by plea-so that decided the facts for sec purposes also-which means no trial-which means some kind of settlement or court action on sec's requests (not a trial to determine facts for doj plea settled the facts for sec purposes also) as per due process.
And since sec has already in a sense gotten more than they asked for due to Bobs vacation (unexpected by about everybody)- for sec didnt even ask any officer or director to step down, it should just come down to a fine and possible penny stock bar/probation and one other relatively minor thing that eludes me momentarily.
I dont have any experience w sec-so I dont know what is taking the sec matter so long to be settled-it would be very easy to make jokes about sec in the situation, which I usually refrain from doing. Many such lawyers are political animals-power trippers seeking higher political etc office-so I dont know if they have been sidetracked by the impending USA elections to be held Nov 6-e.g politicking if not for themselves but on behalf of other candidates to earn brownie points in furtherance of any political ambitions-only a very small number of attorneys are sec qualified ,let alone working for sec.
Now that Bob is on vacation his/CWRN's lawyer should be able to concentrate solely on the sec matter-and sec could possibly have been waiting for any clarity resulting from the doj Sept 27 action before seriously proceeding with the settlement or court judgment on the fine etc.
There was a prior Aug 2011 unfinished sec settlement on the same March 2010 promotion as we learned in June-see past posts-which I have suspected could 've been an issue delaying uplisting beyond any NDA (which should no longer be an issue) etc. How do you uplist (sec reporting) when theres a pending unresolved settlement w sec re said Mar 2010 promo-thats been a thought of mine.
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