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Bon mots

"You can observe a lot just by watching." Yogi Berra

"We do not distain to borrow wit or wisdom from any man who is capable of lending us either." Henry Fielding, Tom Jones

"In our complex society the accountant's certificate and the lawyer's opinion can be instruments for inflicting pecuniary loss more potent than the chisel or the crowbar." United States v. Benjamin, 328 F.2d 854, 862 (2d Cir. 1964)

Stop order proceedings dismissed

Sahas Technologies LLC, Securities Act Rel. 9189, February 17, 2011

One day after the SEC instituted stop order proceedings against Sahas for filing a deficient registration statement the company filed to withdraw its registration. Such withdrawals are automatically effective unless the Commission denies the application within fifteen days. The Division's motion to dismiss the proceedings was granted.

One can only wonder why any time, effort, and money was spent on something so utterly trivial.