What I was speaking on had nothing to do with the price of oil. Jerry told me he needed a pumping well for some deal with a Chinese investor.
In regards to this being a share selling scam, yes. When you try to sue the company to pay for one of your other companies with shareholder moneys, you are a scam. In addition, I personally told him to his face not to deal with that Nigerian firm because my dd tells me they were a scam. His reply was oh they are just part of the Russian side of the deal, and shrugged it off. Fast forward, and you see how that turned out. Was he a part of it as to the reason he was so nonchalant who knows.
Bottom line, SEC requires you to file quarterly and annual reports, regardless of if you close any deals, make any money, etc etc. Those reports are to keep investors informed as so investors can make informed decisions in regards to your company. They allow a public forum to serve as an addition, but not as a substitute, thus the reason for the suspension, and soon the revocation.
If he wasn't a scam, he would address his shareholders, and explain how he intends to get his, I mean our company back in good standing with the SEC. I could care less if a business is profitable or not it's the risk you take in investing. However part of that risk should not be is the CEO is going to follow the established rules of running a public company, and file his reports and disclosures!
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