if it was a fraud or scam SEC would have closed it down,
nonsense. that's not how the sec operates. it can't close a company down. if the company were delinquent in their filings, the registration could be revoked but that doesn't apply here.
if it was a fraud or scam SEC would have closed it down
come on, wrong again....it would have first received a 10 day suspension, then kicked to greys....SEC does not just "close it down"......anyway, kind of a moot point as of now.....