LINN Energy (LINE) said the SEC informal inquiry, previously announced by the company on July 1, is still ongoing. LINN said SEC staff has requested documents and communications related to its use of non-GAAP measures and that the company has been and continues to fully cooperate with the SEC in this matter. LINN added that managment will not answer any questions regarding the timing and specific details of the SEC inquiry during the question and answer segment of its call. Comments from earnings and merger update conference call.
So, you mean the S-4 was never approved, but LINN with the increased BRY offer made it looked like it did and the whole deal will go through, huh?
Glad I sold BRY yesterday at $53.
Yep, can't trust this mgmt. Always been too shady....hence the 'quiet period'.....even when they do open their trap like the 'no comment from the SEC' it was done to mislead ppl into thinking S-4 passed without elaborating....delayed CC....I can see why some ppl attack LINN was shady in their accounting too because that's how the mgmt. behaves...shady, not forthright, skirt things around, mislead....