Hey pack, I am glad to see you back here just getting involved in whatever conversation might pop up on this board.
I have to tell you about another board--MRES-which involves a stock that has been manipulated for many years by scammers from Canada. The stock has been known by many different names, and you cannot imagine how many phony news releases have been issued over the years. If you look at the SEC filings for this company you will be wondering why the SEC has never suspended it or made demands about providing certified 10Qs or 10Ks on a timely basis.
I believe that when Wang was getting disgusted by SEC demands for refiling of certain quarterly reports, he was never properly advised that maybe there was a cheaper way to remain listed by simply providing limited information the way most of the penny stocks do in order to survive and stay listed.
I cannot understand why people like Doug and Greg did not take the easy way out of keeping this company going by selecting cheaper auditors and cheaper attorneys to handle the paperwork needed by the SEC. I imagine they wanted to do the right thing and never thought of an "underhand" way of pleasing the SEC to keep this stock going. I am sure Wang would never have dropped everyone off if he had not reached the point where what he owed attorneys and CPAs exceeded what he had in assets, and of course his Chinese advisors told him that it was better to leave everyone in limbo because there was no way for shareholders to go after him in Chinese courts!
Just take a look at MRES to see how that company has managed to fool the SEC and has remained alive with lies and gimmicks and has recycled its stock many times with the same MRES symbol but under different names.
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