Hardly. I'd say SEC suspension followed by Gray Market status is much more likely:
"EvCarCo, Inc.'s Management Continues Investigation of Previous Transactions
Evcarco Inc. (PL) (USOTC:EVCA)
EvCarCo, Inc.'s Management Continues Investigation of Previous Transactions
FT. WORTH, TX--(Marketwired - Dec 18, 2013) - EvCarCo, Inc. (PINKSHEETS: EVCA) announced today that the Company is continuing due diligence into various previous transactions and has discovered some potentially damaging issues. These issues could be serious, including possible securities law violations. The transactions in question involve convertible debt issuances, consulting agreements, breaches of fiduciary duties and self-dealing, and serious dilution matters beginning as early as 2009."
This of course is code for "we have a Wells Notice - we already know we're a bunch of scammers, the SEC are crawling all over us and we are desperately but unsuccessfully scrambling to try to save our asses".
"It is difficult to get a man to understand something, when his salary depends upon his not understanding it."
Upton Sinclair
"Nobody ever went broke underestimating the intelligence of the American public."
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