First suspension? All of that is BS. FINRA obviously referred the information they obtained during the 2 hour conversation to the SEC who decided it warranted a trading suspension.
Let's just cut to the chase, and be intellectually honest to ourselves. FRTD needed to have provided audited (10K's) of their business transactions which transpired past 1-2 years.
2 things to remember:
1) If it sounds too good to be true, it probably is
2) If a company does not file 10K's, it is usually for a reason(s) - that are not always so obvious ;-)