Could certainly be an interesting one to follow going forward. So many questions, and so few factual answers. I'm not sure anyone involved would want to see the SEC become involved in this fiasco lol. Below is a few questions I have.
1) If KA is now the acting director of IDCN, is required to file a form 3 with the SEC within 10 days of becoming an officer listing his holdings?
2) Why hasn't he had to do this in the past given the amount of his holdings in the past has should have qualified him as a beneficial owner.
3) Given his relationship to the company in the past as the investor relations person, which should/could be considered a company affiliate would that mean that his holdings should have been subject to rule 144 if he has sold any in the past?
4) If no to #3, and he is now considered a director or controlling person, will rule 144 apply now?
5) If SEC gets involved, they may find things very interesting between who has recenlty purchased shares prior to the court ruling becoming public information, and the behind the scenes chatter that has gone on between people with connections to KA. No volume for months, and significant volume the last two months.
6) SEC may also find it interesting the newly appointed director made post on a public message board indicating the bid is building on the stock, and things may start happening.
These are all valid issues, and KA may have gotten away with posting all the mis-information/misleading information when he was IR guy, but they will not take kindly to him posting crap on a message board now that he controls IDCN.
