Digital Utilities Ventures Inc (DUTV)

[Voices of Reason]

Some here may prefer to think a more exotic charge against the company for RICO cases etc will be the demise of DUTV. The reality is that the SEC and State OAG offices are not going to be motivated to spend time and resources preparing for such an elaborate charge against the principals.

The more likely case that does not take much of any effort are the false and misleading press releases that the company has already put out. In fact the pro-ihub posters here point towards the tremendous upside for the Lakota deal as a reason they have faith in the Company and presumably have bought large amounts of shares based on those public comments. Perhaps the most troubling and problematic press release for the Company is this one making all sorts of forward looking statements:

https://www.marketwatch.com/press-release/digital-utilities-ventures-inc-makes-strong-move-into-hemp-market-with-lakota-tribal-cooperative-llc-2018-10-03 :

Based on current market conditions, we anticipate generating approximately $90,000 gross revenues per acre based on harvesting 1,700 plants per acre, which translates to approximately 10-kilos of CBD distillate per acre. We anticipate NET income from the 2019 crop to be in excess of $400,000,000

Just taking their math at face value, lets give them a generous first year net margin of say 20% after operating costs, this translates into $2 billion in GROSS revenue for a deal they have not even closed, nor have they any idea how to raise capital to even begin a venture like this, let alone gross $2 billion in the first year. It doesn't pass the laugh test. Worse - it puts forward looking statements out in a press release which in my opinion will be an easy slam dunk for the SEC to suspend this scam in an instant.

For those that are unfamiliar with Maurice Stone's history, he was CEO of a number of companies (6 in total) that were suspended by the SEC. Here are some examples of what the SEC went after for a few of his companies:
https://www.sec.gov/litigation/complaints/2012/comp22501.pdf

http://roatanislandtimes.com/articles/onyx_roatan_solar_power_project_dumped