Here's an excerpt from the SEC's suspension. Let's break it down:
"Questions regarding the accuracy of publicly available information" in SEC language (and it is the same in every one) means the SEC knows the information to be false. That pertains to "current reports on Form 8-K filed on April 12, 2021 and April 13, 2021." So, the SEC knows those two 8K's were fake, and how they know is because the trustee for the bankruptcy told them.
Look at the docket for the Chapter 7 bankruptcy case. There's no motion nor judge's order approving the formation of a new corporation in Nevada for this Delaware company. There's no motion nor judge's order approving new officers for the company. Know why? Because it's all fake. Further, the SEC (and everybody else) says about Chapter 7 bankruptcy:
Even if the trustee hadn't notified them, the SEC would have sniffed this scam out. Note that they said "recent, increased trading activity in the securities of IMNPQ despite its status as a debtor in a Chapter 7 bankruptcy proceeding." Considering the outcome of every Chapter 7 bankruptcy case, the SEC smells a rat with the increased trading activity. Toss in the fake 8K's and they know why. A pump and dump is being run.
The only question is whether they'll revoke before it hits the greys or not. But they will revoke this stock's registration. It's just a matter of time.
And, the only other facts you'll see will be in that revocation, and perhaps later when we see if the SEC pursues the authors of the fake 8K's.
I swear I’ll never use the phrase “you can’t make this stuff up” ever again after being on the OTC. Apparently you can.
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