07-12-2013, 04:31 AM
'Getitrt2' pid='25573' datel Wrote:They need to continue going to the SEC, but that is definitely not enough. They think getting this deal done will get rid of the shorts. However, if not, they need to file suit against all of them and drag them into court and through discovery and through the press. I think the results would be very interesting, and perhaps force the SEC to pay more attention as well. It might even facilitate an effort by shareholders to get Congressional involvement in what goes on. Am I dreaming?
Sorry but I believe that you are dreaming. I was very deeply involved in an SEC investigation as a long shareholder. I still have an audio recording where the SEC investigator after a very long conversation said that the only way for company X to get out from under the shorts was to take the company private. That did it for me and I will never go to the SEC for anything ever again. They will very privately admit to you that the most criminal shorts are way too sophisticated to be caught by LE.