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Bullboard - Stock Discussion Forum Puda Coal Inc PUDA

Coal Steel Coal Steel
Puda Coal, Inc. (Puda) is a supplier of high-grade metallurgical coking coal to the industrial sector in the People’s Republic of China (the PRC or China). Its processed coking coal is primarily purchased by coke and steel producers for the purpose of making the coke required for the steel manufacturing process. Puda’s operations are conducted by Shanxi Puda Coal Group Co., Ltd (Shanxi Coal... see more

GREY:PUDA - Post Discussion

Puda Coal Inc > What's next?
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Post by coldheat on Feb 18, 2015 11:48am

What's next?

My take is that the Class action will continue to pursue the underwriters. I think the SEC will do what the SEC does in these cases, and likely have a administrative law judge start the revocation procedure. Zhao and Zhu will receive fines and heavy sanctions... Just my take....but it seems to be the norm for this sort of mess.
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