Wholehealth Products Inc (GWPC)

[DragonBear]

There is a real company with a 15 test kit

that is pushing to get approval. That is most likely why this got suspended.

No, nothing as esoteric as that. More boring.

GWPC buys a distributorship, that distributes test kits made by other manufacturers. Whether the podunk distributor typically sold 10 kits, or 1M per yr is unknown. GWPC then pretends to be developing test kits of its own, with no FDA database entries to indicate trivial things, like a IDE submission had ever been made.

Insiders conduct a P&D off the PRs, and most likely illegally dumped stock in violation of Rule 144. Can not dump, when delinquent on SEC filings. Then they suddenly started to crank out filings like wild to catch up, believing that would provide cover for the prior illegal dumping. Too late, and wouldn't have mattered.

Illegal dumping remains the primary likely culprit for the suspension. The bogus PRs about Ebola helped light up the SEC radar screen, at the wrong time.