Firma Holdings Corp. (FRMA)

[rrat02]

Companies almost never discuss ongoing litigation but it is something that gets mentioned (sometimes in a footnote) in a 10-K, etc.

Lack of communication to TRGD shareholders about the trading status of the shares and the once promised spin-off of TARM shares is inexcusable though. I'm not an attorney so can't say for sure what the criteria/bar is for fraud but suspect that Rich & Co. are getting very close. Do not know the details of the Adit PP but if I were an investor I would seriously consider contacting the SEC, State Attorney of Illinois, etc. The fact that the SEC has already dealt with Rich (booted the shares off a listed exchange) indicates that they have an open file.