The SEC has actually done something proactive, in removing the old dinosaurs of pump and dump past.
This is a first wave of a long line of deals that are on the chopping block. Their methodology is based on political capital this creates.
If enough investors complain, and in the complaint add facts and copy their local Congressional and Senate representative, the SEC will start doing investigation into the specific companies.
Being that this was trading $200,000 in dollar volume a day and a lot of investors got hurt, I would assume this will also wind up in the investigatory cross hairs.
This deal, like ADIC, ANVV, FITC, IGRW..... has the same fingerprints, ie, CPA, Attorneys, undisclosed control people. Thankfully the US Attorney's in various districts are starting to see the political capital gained by taking these company con artist down.
My favorite is Scott Watkins and Joel Stohlman, who just plead guilty to manipulating IGRW, AIDC, and FITX.
Being that they are now cooperating/testifying to shave time off of their future prison sentences, I feel it is only a matter of time that the recidivist actors behind this company will be converted from cooperating witnesses to indicted co-conspirators (IMHO).
Look under the hood, alot of the scams are rinse and repeat. Meaning same address, advisors, cpa's lawyers.
Good litmus test to use going forward, is the company more interested in selling stock then executing on business model. If answer seems to be yes, I would stay a 100 miles away from it.
(IMHO) Not investment advice just organized research.
