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Mamma.com to get Formal SEC Probe

         

Brett_Tabke

3:20 pm on Apr 12, 2005 (gmt 0)

WebmasterWorld Administrator 10+ Year Member Top Contributors Of The Month



[mytelus.com...]

The U.S. Securities and Exchange Commission is conducting a formal investigation into alleged trading violations of stock in Internet search engine company Mamma.com. The Montreal-based company said Tuesday that a previously informal probe by the U.S. regulator into control of the company through undisclosed shareholdings "has recently been converted to a formal investigation."

GameMasterM

6:50 pm on Apr 16, 2005 (gmt 0)

10+ Year Member



Mamma loses Copernic. Copernic pulls out. Mamma is now assigned to 3rd tier for good IMO. No denying it is a recognized brand but it lost its best chance to move up with the announcement last night.