Monday, July 18, 2016 9:28:51 AM
Agencies (e.g. SEC) do not regulate scams. Porter can PR just about anything he wants to promote this scam. He can even keep submitting bogus OTC filings. There is no regulatory review of OTC filings.
The only restraint on Porter is that he and his affiliates have to be careful not to violate Rule 144. As in dump restricted shares before they come off of restriction. And he has to obey the 1% dump rule. But once he jacks up the O/S to 5.5B the 1% will be large enough for him to have some dumping fun.
Microcrap scams don't get documented by any "agency" unless there's a Rule 144 violation, something more nefarious such as money laundering, or other criminal activity. Microcrap scamming is currently not considered to be criminal.
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