The name change would only be to bury the previous history of Monster Arts. At the same time, since you are dealing with the SEC, throw in a Reverse Split on top of that to clean up the OS and get rid of old investors and creditors. Those shares will be reduced, but sneeky Wayne will keep those 10 Billion shares out of the split.
Now your ready to scam new investors. However, you already figured out the answer. :)
To find out about Monster Arts history, investors would have to dig up the old info which investers dont normally do. Some good pumping and buyers flock to this new company. Wash, rinse and repeat.
You do not need a name change just to change a product idea. When Wayne wanted to do gaming apps from information brokering, he changed the name from Monster Offers to Monster Arts. Now he is going with a whole new name, not Monster Drones, but with something totally new to hide the history of him and the company.
Being in default may not happen any time soon. Not sure Wayne has money to pay it. For sure, he does not seem to have a credit card and on top of that, his 8K is late as well. Copy and Paste does not seem to work over there. For a IT guy, he is pretty tech UN-savy.
IMO
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