Why isn't anyone buying SCEI?! Are you kidding me? The company was delisted by Nasdaq based on allegations of fraud that were fully investigated by Nasdaq staff. After considering both written responses to requests for information and hearing SCEI's last ditch oral appeal Nasdaq made and reaffirmed its decision to delist the stock. Now it trades on pink sheets and volume has dried up since the shorts covered and moved on. Simply put there is nobody left to buy other than the uniformed or the crazies who just can't reconcilie themselves to the reality of SCEI's cirucumstances. Look for volume go from being "low" to virtually nill in the not too distant future.
Im sorry bud but i didn't see where Nasdaq said they were delisted for fraud. But everyone is entitled to their opinion. I see they were denied under listing rule 5101. Why would the shorts cover when they can wait a couple more months and not have to pay the taxes until 2014. i know if i made that much i would like to put it to work for a year before i had to pay taxes on it.. Anyways i heard Al Little accounts were froze cause that case he lost to deer. How could he cover if that's true?