Two problems with that idea of the company surviving:
1) It too is implicated by the SEC, and for good reason - JP could not have been the only one to know something was up.
2) Once again - CKYS is in default with its only distributer. They could perhaps look for a new brand of USB keys, but honestly... what maker will want to deal with the company after this? Aside from lying about the Gov, they hurt a real company by defaulting on payment (not to mention, SQUM was already hurting in the first place; this REALLY did them no good).
As much as i hate to say it, CKYS will end up as nothing more than a grey market shell..
According to the reporting of a "duped" company: As of 1/22/07, the Company had 200M (Float) & 700M (OS) Shares. However, according to TD, on 3/16, 382M shares were traded; on 3/20, 302M were moved; between 3/15-3/22, 898M total. I wonder who to believe.