We've gone around this before, and you know very well from previous postings of the SEC's own website that they also suspend for trading activity amongst other reasons.
Curious to know, did either of the companies in today's PR by the SEC file 550 Petitions when their companies were suspended?
Now, if in fact the FDA submissions and numbers quoted for his products do not exist and he has not discussed anything with the FDA nor submitted any tests to a specialty lab for testing, then he would be a fraudster and not only that, completely delusional.
Not something I suspect based on the company having a product that uses similar base technology. Now, if the SEC wants to argue over "perfected technology" as being cause for suspension because it is so mis-leading, I'd happily testify on the basic linguistics of the various meanings of that phrase that anyone with basic 5th grade level language skills could understand even by looking up the use of "perfected" in a dictionary.
If DECN never talked to the scientists Dr. Musho and his wife, do not have a manufacturing plant etc., then you have reason for fraud in the PRs.
I suspect the real argument of the SEC has to do with stock and trading, and to that I know nothing. But if the SEC's real reason to suspend the company is based on false info fed to the SEC or other people using his PRs in a way or to promote things he has not done or paid for, then I have a problem with that.
I read the SEC's PR on the files charged and it seems to me that those situations are very different materially from the situation at hand.
Maybe I'm wrong, but right now from reading all the PRs and filings, if he has submitted test kits for testing in the USA, I don't see any real and troubling basis for the Suspension or charges based on the PRs and the product. There may be issues dealing with things outside the reasons in the SEC's official public statements which seems like an underhanded way to go about it if in fact the problem is elsewhere.
KB has always been clear in his PRs to state that they are not promoting a cure, but a test and a test in development for which they need, but hope for FDA EUA approval. Was he excited and anticipating great sales, absolutely and with reason if a 15 second kit can identify the presence of the virus instead of having to send a nasal swab to a lab for testing and get results back in 24-48 hours at the time of the release of his PRs.
Not misleading although I've seen a lot of misleadning posts on this board and elsewhere supposedly based on the PRs stating things that KB never stated.
