FormCap Corp (FRMC)

[FinalFrontier]

Based on the sequence of events, one could argue the July 10 8-K was an attempt to try to keep shareholders in this through the RS by saying they would re-file their drill permit at the time the original drill permit expired. That didn't happen.

Just a coincidence that the RS was scheduled to take place right when the former drill permit was to expire? You can be the judge of that.

But not re-filing for another permit as noted in the July 10 8-K is really pushing things too far.

Unfortunately, the SEC only seems to care about going after big insider trading whales on Wall Street, but in my opinion this one would be worthy of a serious investigation.