Left out a few things:
Company is bankrupt in Chapter 7 and is being liquidated and shut down. That’s the Delaware company that issued the common stock.
The SEC was alerted by the trustee of the scam being run, and they suspended trading for 10 days, now on the grey market with daily volume declining, just like it does for every pump and dump that gets itself suspended.
The 8K’s and PR’s are false/fake. Those guys set up a company in a different state, named themselves officers of it, and are using that to run a pump and dump on the bankrupt company’s stock.
Since the real company in Delaware is being shut down and the trustee and SEC are fully aware of the scam, this stock will be revoked. When that happens, whoever holds the stock at that time have lost 100% of what it cost them. Revocation should be relatively quick since there will be no opposition from the trustee.
You cannot name new officers, cannot form a new side company in a new state, cannot merge anything in to a company in Chapter 7 bankruptcy. Even if it were in Chapter 11, all of those things would require a motion to and order from the bankruptcy court to happen. There’s no mention whatsoever of that crap in the court docket. It’s all false, a scam.
Flippers will flip to flippers for a few more days.
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.
