$CTLE He is an accountant for public companies. Lot of them penny stocks. He is a shady accountant and fudged filings on numerous companies that he was hired at. The SEC finally busted him, fined him and barred him. It's good that the Company removed him back in may when they found out he was busted, but its too late. SEC doesn't care, they apparently told CTLE that the 10k for 2014 and 2013 is not valid since it was Terry Johnson that signed off on them as the company accountant. Now the company would either have to shell out a nice 6 figure amount to re-file 10ks for 2014 and 2013, and try to locate all the needed paperwork which costs more time and money, or do what they just did..... De-register from SEC obligation and just report to OTC as Alternative Registration company. $hit happens in the pennies all the time. I took a 50% hit, but not gonna cry and dwell over it. Move on to the next play.
Good luck to all here. It can go down or it can go up. What one has to do if they have shares here is decide for themselves what is best either weather the storm or move on to greener pasture.
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