![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Thursday, October 11, 2012 4:24:00 PM
We have learned that Leo is being investigated by the SEC for being too honest and forthcoming with shareholders.
The SEC was prompted to initiate the investigation due to the deluge of complaints filed by other OTC listed companies complaining that Leo's honesty and trustworthiness were exposing the rest of them and making them look even worse than they already have been.
We talked with an SEC spoksperson under condition of anonymity and were told that in the OTC world especially,honesty sticks out like a sore thumb.Everybody knows that many companies' CEO's hide stuff and manipulate things as well as many in the financial fields,you know,MM's,brokers,bankers etc.Therefore honesty can only be tolerated to a point.
If the SEC confirms Leo's honesty,he will be given 30 days to "dirty up" his act or the SEC could be forced to uplist CTIX to the AMEX or Nasdaq just to get them (the hell) out of the OTC market so the other companies can relax and calm down and the SEC can go back to not doing anything.
Leo was not available for comment but did text us that he was at his broker investing another $8.75 of his lunch money in CTIX.
News as it didn't happen
Kelt
Recent IPIX News
- Form 8-K - Current report • Edgar (US Regulatory) • 02/01/2024 01:30:25 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/05/2023 09:25:58 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/20/2023 09:05:44 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 11/15/2023 01:00:19 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/30/2023 08:15:25 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 09/28/2023 01:00:08 PM
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM