I find that very difficult to believe. Just about every penny stock investor knows what a Form 10 is. And if they don't, it takes about 10 seconds of research to learn.
I also find that very difficult to believe. The letter was very stern about enforcement, and non-response to a regulator is never a good thing.
This is all VERY basic information. There is absolutely no excuse for not understanding any of this. And even if they somehow didn't understand the nasty letter, they surely would have understand the massive delinquency in the legally required SEC filings and that suspension and revocation was inevitable.
And even if someone didn't even get it then, the Company even TOLD them that the SEC had notified them of their delinquency and suspension a YEAR before!
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