RE:RE:Two PointsI'm not going to get into a debate about my motives for posting.
The only butt-covering I've done is to remain objective and truthful.
I've offerred more information about the process than you'll get from anyone else. If I was worried about covering my butt, I wouldn't have provided it, and I wouldn't posting.
I'm simply telling you what may or may not be done in response to some of the expectations I've seen posted.
If the Exchange stepped in, halted the stock, and kept it halted until the shareholders meeting was called, and required a shareholder vote on the financing, there would be people here that think it was the right call, and others (who would then be the more vocal ones) would be frustrated becuase it's not trading and the Exchange has "interfered".
The Exchange has no authority to directly fine, sanction, arrest, or otherwise "penalize" individuals. None. That's not butt-covering, that's reality. All the Exchange can do is threaten to halt, suspend, or delist the company. Any cooperation by the principals is based purely on their agreement to do so based on the threat of one of those actions.
Mark