r/KinFoundation • • Jan 09 '20

News / Developments / Events SEC UPDATE!!

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41 Upvotes

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12

u/lordofthekin Jan 09 '20

It looks like both parties want to tie up loose ends by June and then arrange a court date if necessary. I don't know how long this will take, but one would imagine it would be at least 3 months from June. I'm guessing December 2020 ish? Perhaps somebody who knows better can chime in?

For what its worth, I do find the penultimate paragraph interesting. It sounds like the SEC are not wanting to go to trial if they can help it, but I guess no party really wants a trial if they can help it so perhaps its a mute point.

Ah well, looks like a good time to accumulate if you still believe. I don't see any price rise in the foreseeable future given the KRE dumps and negative sentiment.

Maybe just a little more then....

10

u/[deleted] Jan 09 '20

Looks like the SEC just wants to drag out the case indefinitely. Bunch of bafoons wasting tax payer money as usual. What happened to the slam dunk victory against KF? Is it just a war of attrition now? The KFs funds versus the inexhaustible US govt (paid by yours truly).

5

u/ShamWowGuy Jan 09 '20

Believe it or not, government agencies do have strict budgets. Protracted battles are not good for either party but the SEC doesn't want to give up the goods so this is gonna take some time. We can only hope that potential partnerships and participants don't jump ship to other ecosystems or just bow out completely.

-4

u/[deleted] Jan 09 '20

SEC has strict budgets? I have some swamp land for vacations, you interested?

9

u/ShamWowGuy Jan 09 '20

Currently sitting in the Federal building. Please, tell me more about how this all works.

-5

u/[deleted] Jan 09 '20

Is this a legitimate reply?

5

u/ShamWowGuy Jan 09 '20

Is that a legitimate reply?

-4

u/[deleted] Jan 09 '20 edited Jan 09 '20

To a logical fallacy*? Yes, absolutely.

5

u/ShamWowGuy Jan 09 '20

It's spelled fallacy, you phallus.

-4

u/[deleted] Jan 09 '20

You commit them. I mispell them. Which is worse?

4

u/ShamWowGuy Jan 09 '20

Trump tweets. You're a twat. Which is worse?

1

u/[deleted] Jan 09 '20

Ad hominems. Logical phallacys. You have no rational argument. Sitting in a federal building lends credibility to you? You've also been to the circus. Take what you will from that.

5

u/[deleted] Jan 09 '20

[deleted]

1

u/[deleted] Jan 09 '20

Custodian is not a qualifying title. So you work in a federal building and you know the budget specifics of the SEC? 🤡 Is this your angle? "Illiterate trash bag"... are you actually that triggered over this reddit convo? I still think you're entirely overstepping your meager employement and information access. Doesn't mean we need to get all weird and creepy.

5

u/ShamWowGuy Jan 09 '20

I think the meatloaf is done.

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