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bogey1

09/20/17 7:38 AM

#3001 RE: Renee #3000

Filings cost money. No money, no filings.
No sales (ever), no money.
No stock sales to generate working capital, no money.

Here's my assumptive take...
When the SEC case got going, the company was being accused of offering stock purchase options to non qualified people.
I suppose it was logical to stop all sales until it gets sorted out.

Ron used to raise a lot of cash from financing scoundrels by backing it with stock (which diluted the holy hell out of the shares.)

All of that is on hold.

I guess if the stock gets de-listed for delinquent filings, the SEC investigation would be the excuse. Perhaps also a valid argument to fight it, if they win the retrial.