You can substitute the names and stock symbol for just about every other Stock that has done a reverse merger. The most important thing missing is the fact that reverse mergers with this share structure often run 1,000% plus. Take a look at DRW*. It ran up to over 2,600% today before closing up 1,700%. That stocks sharestucture is double of this stock.
As for you comment about the CEO finding it too difficult to keep up with SEC filings, I believe that is false. It cost a lot of money to file with the SEC and often times these companies cannot afford the extra money when they are first starting a business. It actually is a smart business move.
As for the dead deal, it is very probable that you are right. However, usually companies will find another r/m candidate shortly after and that is what looks like is going on here. We know they are looking to do a R/M and there isn't a shortage of companies looking for a otc traded company to r/m into.
To sum it all up, this stock could easily run up over .01 with any type of r/m confirmation. It's past dealings and business failures are irrelevant if this is a r/m. Look at DOL*. The company has the exact same SS and went to .02 on a R/M. I expect similar results here!
News 
Market Data 
Discover 
