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Wednesday, August 17, 2011 1:02:01 PM
Essentially whoever is supposed to be running this could be in a lot of trouble if they don't get their act together on this. Normally the SEC could give a crap about this micropenny but if a large group of investors raises this to their attention they have to act.
It's a risk either way, the custodian of this could be sued in a class action suit as well by investors.
If I can get the right buzzwords I'd like to send a certified letter to RNWF stating they are served with a notice to comply or face a class action law suit.
these are all things I'm looking into.
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