Both the SEC and FINRA are aware of the false info in their last two SEC filings, although apparently Medient hasn't filed anything with FINRA yet. Apparently at least a few have reported the incorrect filings to regulators.
The company also must update Nevada with new info on officers by 9/30/2014.
A company claiming to have 500 billion shares authorized when Nevada, their state of incorporation, says they have 5 billion common authorized, is not a minor mistake. The CEO certified that the filings were true. Not good for a new ceo to screw this up so badly, especially after the SEC suspension.
I wonder if they planned all along to blame an error for the upcoming FINRA decision to NOT process the reverse split request.
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