Nope, that is not the case. And the SEC knows it.
In order to have the restrictive legends on restricted stock removed so it can be sold, the Company has to give the approval after researching how the stock was obtained and if it can legally be removed under an exemption from securities laws. IMMG's current management knew EXACTLY what was going on and that their claims that they obtained it from the non-existent South Africans was a lie, especially since the Company is the one that sold them the stock directly. But they approved the removal during the pump phase anyway.
Nope, IMMG and its management are absolutely involved in the activity that led to the trading suspension.
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