The SEC's last letter dated October 4, 2012 to GRPN's CFO, Jason Child Re: Groupon, Inc. appears to have kept the file open still (hence the SEC's warning "urging persons responsible to be certain GRPN's filings are full and accurate...I can't help but wonder what kind of fine tooth and comb the SEC is using going through GRPN's latest filing and dismissal of Mason ... could be an interesting show. Therefore, my guess is, there cannot be any deal done unless the SEC's investigation clears GRPN once and for all. This is just my humble opinion and doesn't matter most likely.
"Form 10-K for the Fiscal Year Ended December 31, 2011
Filed March 30, 2012
File No. 1-35335
Dear Mr. Child:
We have completed our review of your filings. We remind you that our comments or changes to disclosure in response to our comments do not foreclose the Commission from taking any action with respect to the company or the filings and the company may not assert staff comments as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States. We urge all persons who are responsible for the accuracy and adequacy of the disclosure in the filings to be certain that the filings include the information the Securities Exchange Act of 1934 and all applicable rules require.
/s/ Robert S. Littlepage for
personally i think groupon is a joke and they are probably cooking the books to stay afloat and try to make a turnaround, but even if they arent, i hope the jackals in the media pounce and make some noise...a nice negative media buzz will tank this pig back to $4 quick.