Mberto i read on a board but not confirmed you can lie on the 10q but not the 10k and get away with it. Not an attorney dont know for sure.
Providing false info on any filing is against the law. When done on a 10K, it could mean the company falsified the auditor's report. The feds don't have the resources to go after every company which submits inaccurate info in filings. They have to pick and choose their cases.
It traded almost 1 billion today and ended up flatter than a pancacke. 18 million os few days ago?? hmmm
This is a sign heavy dilution is hitting the float. The 18 million figure is suspect at best and a lie at worst. Pacel has been a heavy diluter r/s offender for years now. It's a no-brainer short if you can find a broker who will allow you to do so. Playing this one short is like being the only participant in a lottery. Playing this one long is like putting five bullets in a six-chambered revolver, placing the barrel to your head, and squeezing the trigger. You may be lucky on a short-term price swing periodically, but the chances of killing yourself are far greater.
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"We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful."
-- Warren Buffett
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