Megas failed to make the required 10-Q and 10-K filings with the SEC for years. Once you fail to make those filings, the stock becomes subject to revocation. Which is exactly what happened here.
"The penny stock investor may be the most dangerous creature in the investment world, at least to himself.[...]His hypocrisy becomes most apparent when he then blames his losses on the greed of others." Robert C. Dugan, Director - JRM Capital