Re: Is SEC still hibernating?
> "It caused the SMCI stock to drop more than 40%! Is SEC still hibernating?"
SMCI was recently (August 2018) de-listed by the SEC because they cheated on revenue recognition, and couldn't sort out the accounting for re-stated revenue figures before the SEC deadline.
That makes SMCI stock price hit less actionable. If the story is wrong, they have a case, but it's an uphill battle.