On your #2 and #3....
this pretty much squares with my past experience with the SEC operations. It's all toothless puffery from that camp, at a snail-mail pace until anything meaningful to the average joe investor is totally moribund and calcified. All jmho, of course, but this all generally squares with my experiences over the past decade or so in this regard.
The roti deal is still an odd piece of the puzzle. Could be just a last minute bit of cya for all parties concerned. Guess we'll have to wait and see for sure.
Probably lots of parties involved when it all comes out in the wash, ie, auditors, friends, family, ad nauseum. Same ol story for a lot of us. Yet, I too share your amazement and disgust with the entire tale..... the totality of the risks involved for average investors in the bb marketplace has been laid bare, and it's an ugly scene, indeed.
Since there's been no filing for protection, I assume the public co will continue to battle in the legal forums with whatever resources are available. And, I suppose it's the sporting thing to wait and watch with the attitude that all are presumed innocent until proven guilty.
However, the presumed innocent (read: us) have received our sentence and punishment for our participation in the system which has been laid bare. Another bb stock story from the annals and files of the SEC (sounds like a movie in the making?).
I can see only one course to take, fwiw, but I'll wait for the consensus. And, Ern, I agree that the time is now past
to engage in trading personal assaults. The jig..... is up. |
