I was able to purchase 10 shares through a test trade on Schwab for the current .0025 price. DTC is most likely filling orders as they come, so market buys will continue until the lowest offer is exhausted. This stock has left a bad taste in many people's mouths, but underneath it all, this is still is a profitable company.
FYI, there is no conspiracy here, and no criminal proceeding against the company. I am a corporate attorney working for a firm that specializes in FINRA arbitrations and we also handle issues with the SEC on occasion. Personally, I am quire irked with the SEC's handling of this matter, but it is par for the course. Usually, when there is a juicy issue lands on their desk they assign several attorneys and interns to push it along. When they review what information they have and only see smoke and no fire interest is lost immediately. It is normal for the SEC and most government agencies to miss deadlines, especially when there is not a judge or pannel to hold them accountable. The SEC also is also very flexible to granting extensions to firms representing companies subject to compliance issues. No one here is privy to the emails or phone conversations between the SEC and RBII's counsel. I am sure RBII's counsel is not going to rub them the wrong way, especially if there is hope that this matter could be dropped.
We are all trading blind, and subject to rumors of people who do not know much more than anyone capable of conducting a google search. I am a big bag holder right now, but can afford to hold. There is a lot of doom and gloom, especially if you're a stock flipper who already has 10 other stocks you are eyeing. There is no fraud going on here, there is no scam, RBII is making money and the SEC is not attacking the company's financials. This could still be a good medium term hold, but it will not be a fun ride at the start.
