Have to wonder if it is a deliberate shot at a Private Company with no real shareholders to chase him down. Once private, he can pocket a load and close it down...
So what the SEC halts it, business as usual, you will hear people say it is going Gray.. He won't even bother with it, just keep things going and ignore everyone...
What are the repercussions of doing so ? aLL HE HAS TO REALLY DO IS MAKE SURE THE BIG FINANCING COMPANIES GET THEIR SHARE PLUS! and it is all over. No big atty. firm would chase it down, no reason too... Even if the outstanding ends up at 1B... Most of them will be held by those falling for the emails and penny stock first timers...