beanbean714: Frankly, I do not know if NPK is technically in violation of any SEC rule but it is really ironic that the SEC was after NPK before they became interested in Enron, Worldcom, Adelphia, Tyco and so, so many more really corrupt companies. It is typical of government regulators to hound some well intentioned company with minor technical violations while all kinds of very bad people are doing really atrocious things.
The Cohens are conservative people. I do not imagine them using every last dollar plus incurring enormous debt to leverage up the company. As I said, their acquisition standards are very high and in an overpriced market they are not going to find much. So, we probably won't know for a long time just how much they will invest.