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Wednesday, December 02, 2020 2:48:51 PM
1. File your SEC documents. No excuse here. No big pharma coming down on the little guy or anything else. You signed up to be a public company, follow the rules. Don't bring attention to yourself.
2. Follow the medicare rules. They are there for a reason. Follow them to the letter.
3. Be truthful with your communication to your investors and the public at large.
a. If you say you are going to release your audited documents, DO IT!!
b. Don't embellish. If you plan on listing to the NASDAQ exchange make sure that you are actually close and the plans are in view. If you say you are doing a 240M production run, make sure that you don't have that be a 50 year view. Make sure that's current and verifiable.
c. Correct your obvious mistakes. When companies send you legal documents to cease and desist, do that, then correct your public statement.
d. Be ok with releasing bad information even if it paints the company in a bad light. Most of the investors here know that it is a long shot play but they are ok with that. Don't try to mislead them. Let them decide to invest on correct information.
I think blaming the DOJ/SEC is not correct here. 16 to 23 citizens on the Grand Jury have agreed with the charges so far. If there's anything really to blame is that the SEC did not take action after the first year of no financial documents. Had they stepped up earlier maybe all of the criminal charges could have been avoided
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