I don't understand where you are getting the "fraud" claim from first of all. It is clear that the SEC pulled FSPM into the grey's based off suspicion, innuendo and rumors. It will be 90 days with no charges filed come this Friday. 8/15.
The PHOT investigation just wrapped up and people were charged with manipulating the stock. PHOT stock was identified by the SEC as possible fraud being a reason why their stock was sent to the grey market. This was not the case with FSPM. William Sears name was used purely because he is an already convicted felon but so far he hasn't been charged with squat in this FSPM investigation.
IMO if there are no charges by September 15th against William Sears, then this whole thing has been grabbing at straws by the FBI and SEC... I believe already that they don't have a case against Sears and if they had one, he would be charged already. My reason for giving September 15th as a dead line is because PHOT got suspended first and then FSPM about 4 to 5 weeks later FSPM got suspended. The investigation into the manipulators of PHOT's stock just wrapped up on August 5th and so it's just about timing.. One would think that "if" charges were coming, they would be around the same amount of time it took for charges to be filed in the PHOT case.
September 15th is also 120 days past the raid. Any reasonable person would think that it wouldn't take the FBI 120 days to build a case against an already convicted felon and a small company with less than 5 people who make up the targets of your investigation. The more days that pass by, the less likely anyone will ever be charged with a crime surrounding FSPM..
You only have about 35 days to wait and see a more clear picture here.
