Given what you report, if verified, the WS is in a pile of DooDoo. If they have reported as material fact somehting which causes this stock to tank and it turns out later that it was either unchecked, or fabricated, I can see the parasitic lawyers going after their butts every bit rather aggressively.
And I would believe that if the mis-reporting is shown to be due to malfeasance by Rennie, he could be in some serious hurt as well.
Public Disclosure: If it sounds too good to be true, I probably have it in my portfolio.
(Don't make any financial decisions based on my posts. You've been warned)
