Quanta Inc (fka QNTA)

[PennyWorld]

Jed-- and that PR that you posted was issued well 'after' the SEC investigation announcement. The CEO would not release a fake PR full of lies knowing that he was under serious investigation by the SEC.

So I believe that they are still actively pursuing the same agenda, however clearly the cost cutting strategy has slowed down their progress. Hence raising working capital via dilution with such a small PPS is hurting their financial statements.

So if they don't put the SEC investigation behind them by mid/late summer, and they don't make progress with some sort of deal (ex: Mexico or DR), then I'm sure that we'll see a nasty R/S late summer or early fall.