Hi Howard. What did the company say when you told them you want to examine the books? Did they refuse to attempt to accommodate you?
As for why others have not requested to view the books, I cannot say for sure. I can guess though: Some are not worried about it. Others may have but know if they say anything here they will get attacked by j & c. Several people have stated they won't post here because of them...
"Second, as far as suspensions hurting stockholders, duh, I suppose so, but in actuality, if a company reaches that point, then I do believe the SEC is trying to protect, not hurt, shareholders."
Indeed. The key is "...if a company reaches that point..." Do you know what "that point" is? (I mean the actions of the company, not the reaction of the SEC). Somehow I don't think so. Before calling for a suspension you should know what kinds of things cause a suspension in trading.
"What did you mean "the SEC does not agree?" How do you know that?"
That was a response to something you said: "Your scenarios may be true, but another scenario is a suspension of trading based on all these unfulfilled promises/statements, which would be my third, a dubious distinction."
www2.techstocks.com
If the SEC did agree with you, they would suspend trading. However, "...unfulfilled promises/statements..." as that phrase applies to PABN is not a basis for suspending trading. Thus I said "the SEC does not agree" The SEC does not agree with what you think is a basis for suspending trading. If they did, they would suspend trading -- on PABN and probably 90% of all trading stocks, with the remaining 10% to soon follow.
As for how do I know that? It's part of my job. Let's just say I know people who know people. Oh, and I do research including reading about companies that have been suspended and why they were suspended. If I understand you correctly two prior investments of yours have been suspended from trading. Howard, something is wrong here. I think you should reexamine your investment strategy, goals etc. I say that very sincerely and kindly.
"It must be challenging to market beta products." Why must it be challenging? (or more challenging that one would normally expect?) I can see how it would be challenging if the products did not work, or if there was no real market for them. But I do not see any requirement that it must be challenging to market beta products.
The volume was double today what it has been recently, and the stock moved up a bit. However, the volume was still less than 1% of the issued and outstanding. IMHO what happened today hardly qualifies as manipulation...What it suggests to me instead is that the MMs are paying attention this time. This could be very interesting indeed.
PCM
GO PABN!!! |
