What are you expecting the SEC to do? There were no guarantees by the company that anyone would make mountains of money.
This is what the last PR says:
The funds for the $110mm loan being made to Quasar Aerospace Industries, Inc. will be made available immediately upon Newby and Associates fulfilling the final two conditions required by the issuer of the standby letter of credit (SBLC)
This is what disclosure says:
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933,