DMOST you are correct...
Anyone can file a complaint with the SEC. According to what I was told by an SEC investigator several years ago, they are obligated to 'open a file' when they receive a complaint. Anyone can file a complaint, whether there is any validity to it or not. The difference maker is when information is received, backed up with proof. That will get the SEC's attention. When there is more than one complaint with more proof, then the file will start to make it's way up the chain of command. He said almost all cases start that way. It starts with a complaint, or lots of complaints. The more serious it appears, the more supervisors up the chain of command will review it. It's just a normal process.
The guy who took a boatload of proof to the SEC about Spongetech, was going up the steps of the SEC building for his meeting. I was told he was trying to get hold of me. I called. While on his way to the meeting he asked me if he was doing the right thing. He was really nervous and scared. He had the info that would bring down Spongetech. I told him he had to do what he thought was the right thing to do. If he had the proof that that company was a big scam, then he should expose them, and hopefully save a lot of other people from losing their money. Found out recently that one investor lost more than $867K. Ouch. Spongetech had everyone conned; major sports teams; nascar drivers; celebrities; major retail outlets, everyone. And it was just a big scam.
That's why you can never ever assume your company is looking out for you. I don't care what Calkin and the others tell people, you can't trust any of these people until they actually produce. No promises. No forward looking statements. No multiple missed self-imposed deadlines. They have to produce - revenues. Big revenues that continue to get bigger. They need to establish credibility, top to bottom. Right now, they're floundering as to how they are handling their business, from the missing CBD capsules to the question as to how pure are their products, to the apparent mislabeling of their mg's, to all the other businesses Calkin is suddenly involved in. Where is Calkin getting all this money? Is he independently wealthy? Who's the knucklehead at GRCU HQ's that hired Dick Weed? If you think it's a coincidence Weed was the attorney that was hired, think again. In my opinion, not a chance. In the world these people operate in, just about everyone knows everyone else. They hired Weed for a reason. I wonder who it was that did that?
By the way, Spongetech pulled a Dick Weed. They hired a lawyer who phonied up a bunch of opinion letters, which allowed hundreds of millions (maybe billions) of shares to be released into the market by the 2 knuckleheads who ran the company. Even their T/A was in on it. They knew what was going on, but stuck their heads in the sand. In the end, they were all caught.
If Dick Weed is having more charges leveled against him by the SEC, you can bet your 401(k) the SEC is checking out every company Weed has done business with, including GRCU. There is a good chance the SEC has already met with Calkin to have a talk about 'things.' The dead lawyer fiasco and now Weed Gate. Let's just hope they're squeaky clean.
