Thank-you for your effort there, Karen. Your efforts have exceeded mine, by far. For Mr. Newkirk, we all hope for a satisfactory investigation, including an examination of all broker records, market-maker complicity, insider selling, short selling, and all other illicit activities related to this fraud.
Of course, we all will be watching to see if the SEC will get it right. It is very easy to scrutinize, communicate, and pursue in this electronic age. This SEXI fiasco is widely followed, and is a precedent-setting case in my opinion. Many, many people are looking to the SEC to successfully implement measures to thwart the activities of fraudsters, and we applaude their efforts. BUT, surely a system of monitoring could have preempted this. I encourage others to contact the SEC personally.
Of course, the stakes are much higher than this individual case. Will capital flow to good smaller companies if modern day scam artists are not bridled? Will we all become more cynical of people, untrusting, uncaring. That is the worst danger these frauds pose for us all, in a day in which most of our assets are tied up in the equity market. If the SEC does not get it right, we are even worse off than we might have thought. |
