Federal prosecutors allocate far more resources in nailing Al Capone, John Gotti and other mafia kingpins than in apprehending small time crooks or mere narcotic users, for the very same reasons. Like the afore-mentioned federal prosecutors, Janice, Mr. Forthright and others have to prioritize their resources according to the egregiousness of the pump-and-dump schemes. When CYGS was trading at 0.5, it was akin to a small time misfit, unworthy of much attention, and only when it was trading in the 2-3 range that it was beginning to merit more prosecutorial attention.
I would give you another example. Earlier this year, BAAT rose all the way from 0.17 to 3, and the SEC did not initiate an investigation into the company and the trading pattern until the stock reached 3.
Moreover, most of us believe that Janice, Mr. Forthright are well meaning, fair, reasonable and prudent people who prefer to initiate actions only when they believe that they have gathered CLEAR AND CONVINCING evidence that a pump-and-dump scheme is indeed in development. When CYGS was trading at 0.5, there was just not sufficient evidence for them to get involved.
Very simple logic, and I am surprised someone as crafty as the Dog would have to ask this question.
<<Why didn't they save everyone when the stock was .50 and save people
some real money. They decided to save everyone when the stock was peaking at 3.28 Why?>> -- Big Dog |
