It seems like you put a lot of faith in SEC filings. Sub penny stock companies can and do lie on them all the time. I've personally owned stock of 3 that did; RMEC, SPNG, and CKYS (I have a real knack for picking winners). Hell, even big companies, Enron comes to mind. The problem is, there are too many publicly traded stocks out there for the SEC and DOJ to police. Some do get caught however, but the majority don't. In my opinion, that's why there are so many sleazy publicly traded companies out there. They're just playing the better odds of not getting caught.
