First Choice Healthcare Solutions Inc (FCHS)

[Mermelstein]

Provided Romandetti's illegalities were limited to the pump and dump scheme, I don't see how Steward was screwed over. Was Chris going to disclose to them in 2018 something illegal he may have been involved in from 2014-2016? I highly doubt anyone would. Obviously, Steward is probably not thrilled about the current share price, but if there are no additional problems related to the operations/financials, the company is basically sitting the same as it was before Chris's arrest.

Issue here is if Chris was involved with something illegal like a pump and dump, there's the possibility he was also doing something illegal related to the actual business. And with the 10-K still not yet filed, that risk is obviously spooking investors.

Stock price is currently in the gutter, and it can't get much worse at this point, so the stock could see a nice rebound when/if the issues are resolved.