"Being an SEC-reporting company made me less concerned"
If we would go back to the beginning of 10Q and K's you will see a lot of fudging of numbers.
Another telltale sign that something was wrong is when management start out and pays them selves big salaries or when they buy new computers and there was nothing wrong with the old ones. one Officer started his own company to compete using our business plan.
Money was rip off right ans left and I am surprised that we have not seen a rash of lawsuits.
Then we had the stock selling lying Steven along with Jerry Woods
who made one story after another.
I don't see this company lasting much longer without a management change and capital infusing and we still need a business to create an income. I can say that I am a lot smarter today than I was back then.
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The POWER of the Internet. Like the Six Gun in the Old West called an Equalizer.
Do your own DD, This post is my OPINION. ** TRUST, BUT VERIFY.**VERIFY