Strategic Global Investments, Inc. (STBV): The SEC's complaint against Strategic Gl...

Strategic Global Investments, Inc. (STBV)

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Saturday, 03/19/2016 2:52:55 PM

Saturday, March 19, 2016 2:52:55 PM

The SEC's complaint against Strategic Global Investments, Inc., and its CEO, Andrew T. Fellner, filed in federal court in California on February 29, 2016, alleges that:

Several press releases Strategic publicly disseminated in February 2014 falsely portrayed that Strategic owned a revenue-generating marijuana cultivation facility in Teller County, Colorado.

At no time did Strategic have the ability to operate in the marijuana business space or legally generate revenue from the sale of marijuana generated from its purported cultivation facility in Teller County, Colorado.

Strategic also lacked the requisite licensure and other corporate infrastructure to run a successful marijuana-related business.

Anything said by me is strictly my opinion and is subject to change without notice. I am not a financial planner or advisor.