CodeSmart Holdings Inc (fka ITEN)

[1manband]

There must be another option than SEC screwing the stock holders out of their money

The SEC is not to blame. The individuals that bought this stock when they knew, or should have known, they were delinquent in their SEC filing obligations and would, at some point, be suspended and ultimately revoked are the ones that screwed themselves out of their own money. The common shareholders have no one to blame but themselves.

The SEC is only doing their job. They are not treating ITEN any differently or in any special manner. Rules are rules, and ITEN did not follow those rules, so now they are being punished. That is how things work, and the common shareholders have absolutely no excuse for not understanding the rules before they put down their money and played the game.

It is the "paying investors" fault that they ignored the obvious. People need to take responsibility for their own actions and the well known consequences which result from those actions.