Forgive my ignorance, but I am hoping someone can provide some knowledge and closure for me. At one point this stock looked like it was set to explode. Even after debt unveiled, a lot of DD still pointed to a merger and symbol change. Patiently held through the R/S and Nicolo posts. And nothing but silence from the CEO after some pretty substantial prior statements of where this was headed. This is the second penny stock CEO that has screwed me bigtime with false claims and IMO outright lies. Is this legal? I mean, I guess I was naïve and figured there was some sort of regulation even with pinks. Can CEOs claim whatever they want here (e.g. merger) without substantiating anything? While I have some solace knowing that Gil will burn in hell for his soulless actions, I can't believe this type of fraud goes unprosecuted. Is this truly ok? It's hard for me to believe this can go on in America.
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