bev, you really don't get it, do you?
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 a scam stock is trading low, it's akin to a small time misfit, unworthy of much attention, and only when it rises precipitously that it is beginning to merit more prosecutorial discretion.
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, allowing most scam stocks the presumption of innocence, prefer instead 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. Before a scam stock rises precipitously, there is, in most cases, simply insufficient evidence that suggests pump and dump development.
Very simple logic, and I am surprised you have to ask about it all.
Kimberly |
