Natural Harmony Foods Inc (NHYF)

[solong]

2021 we were warned: SEC Chair: Too Many Fraudsters, Ponzi Schemers, Cons Preying on Investors -

“Unfortunately, I’ve learned in my first six months here that there are all too many fraudsters, penny stock scammers, Ponzi scheme architects and pump-and-dump cons taking advantage of investors,” Gensler told attendees of the Securities Enforcement Forum 2021.
Gensler emphasized the importance of “high-impact” cases — enforcement actions that produce a chilling effect on fraud throughout the industry.
“A cop on the beat has to balance both the high-impact cases and the everyday fraudsters,” Gensler said. “A high-impact case pulls many other actors back from the line. This prompts legal alerts, client letters and bulletins to go out. Compliance departments, lawyers and accountants change internal procedures as well.”
“Some market participants may call this ‘regulation by enforcement,’” he added. “I just call it enforcement.”

We knew this was coming, it shouldn't be a surprise. Unless I see a company, following the rules and building a revenue stream, NOT the promise of one. I've moved to big board stocks. You can get doubles and trips there but you have to be able to perform "due-diligence".

The KEY to this one, IMO, was Global private office putting up $5mil as a draw. It showed that a private investor believed in the company, gave them lee-way to use that money as they saw fit. Otherwise this was just another company with a dream.