That may have been the main reason--to start fresh with well-covered tracks. Some small solace and hope can be taken from that alone I suppose.
We've all seen a lot of other pink 'pump and dumps' just go kaput without any name changes. Some stay as shells for years. AGRS comes to mind. It was a sleazy pump and dump run by some dubious characters until it was discovered the company owner had DIED. The stock price deflated like a bad soufflé to .000something, but I think the widow kept the shell going. It even had a run-up to 6 cents a year ago out of the blue and for no apparent reason.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.