On April 24, 2012, Hercules Offshore, Inc. (the "Company") received a letter from the Department of Justice ("DOJ") notifying the Company that the DOJ has closed its inquiry into the Company regarding possible violations of the Foreign Corrupt Practices Act ("FCPA") and does not intend to pursue enforcement action against the Company. The DOJ indicated that its decision to close the matter was based on, among other factors, the thorough investigation conducted by the Company's special counsel and the Company's compliance program. As previously disclosed, the Company was notified by the Securities and Exchange Commission ("SEC") and DOJ in April 2011, that certain of the Company's activities were under review by the SEC and DOJ with respect to possible violations of the FCPA in certain international jurisdictions where the Company conducts operations.
Wrong again. My average cost basis is 4.71. After three years of holding this I hope to make some money in the next year or two. You're wrong about everything else too. Don't worry, you're probably used to being wrong.
I think we gotta recognize mike for what he's...for a while I thought he was a short talking his book (rather unintelligently), then I downgraded him due to his continued stupidity to $5/hr paid basher..but his stupidity continues therefore another downgrade is called for...imo he got into hero in $30's, lost his backside, has no money or life left, and all he can do is hangout in this mb all day vomit his hatred trying to find someone else to blame for his own stupidity..and that is lowest level you can ever hit