Helter Skelter
7 years ago
And btw...those companies that are too big to fail...smash them to pieces with the anti-trust act...then we'll get some service from those 1000s of new small banks...vying for our business...smash them up!
CIA, FBI, military industrial complex...next on the list...right after the media...damn, I'm sounding like Trump...or is it JFK...??? IKE to JFK, come in JFK...lol...
Hiring one full time employee to weed out the garbage shouldn't be too much to ask. First, though, you've got to stop making excuses for them (the SEC).
Good night.
Helter Skelter
7 years ago
Then require it. And have them publish their AS, OS and float with any public dissemination of information, filings, press releases and even tweets...that'll make them think twice about tweeting nonsense day after day...especially during dilution spasms, lol...
There's a new sheriff in town...Sheriff Helter, lol...
Get out of the box, Janice. ;)
janice shell
7 years ago
The easiest way--theoretically, though not practically--would be to require ALL public company to register with the SEC. And then to require them to disclose their status in their home state quarterly. The chief problem is with OTC issuers, and they're not required to make any disclosure at all. Nor is what they do disclose ever checked for accuracy, unless they attract the attention of Enforcement.
Another problem is that there's no way the SEC can get rid of zombie tickers. If those tickers literally don't trade at all for a few years, FINRA can delete them, but that's the only option. Between 2012 and 2016, the SEC did what it could, using Operation Shell Expel to suspend dormant shell companies and knock them to the Greys. There, they lost their attractiveness to potential hijackers. But there haven't been any mass suspensions for a couple of years now, and the shell vendors are back in business.
Of course, if all public companies were required to register with the SEC, those that went dormant could simply have their registration revoked.
Helter Skelter
7 years ago
9000 / 20 per day = 450 days. It's a full time job. It's nothing. Trust me, nothing. Take some money from the office of the whistle blower...whistlers don't need those huge awards...cut the 30% 20% 10% to 20% 10% and 5%...hell, hire some more attorneys while they're at it...come on, Janice, you haven't thought this through, lol...develop the software so one can sort through the filings of real companies in seconds...make 9000 look like nanoseconds...
I'll forfeit 10% for faster action. Amen? lol...
Good day.