Look, we can agree that the SEC needs to do a better job of shutting down these scams much earlier and protecting investors, right?
We can disagree on the 1 month final warning released to the company, MMs and retail all at the same time.
There's no way in hell $NEWC, or any other scam, should be able to keep trading any longer than a year after failing to file proper paper work.
Personally, I think the SEC lets them get away with it, because the MMs make money, the toxic financiers make money, insiders make money, etc.
BUY fear, SELL excitement.