You say "Michie is a crook who intentionally defrauded shareholders. it was clearly his intention to get the stock revoked"
Mind reading was an elective course at the college I graduated from so I can't say if you are right or wrong on this. Facts will.
You say "run PFSD as a private company with no obligation to shareholders. That is fraud."
How does a private company have "no obligations" to shareholders???
This company is current with all required filings in Nevada. I own shares in a company that is still operating even if they get revoked. I may be a dreamer, but I see the day coming where a private company I hold shares in will produce financial reports for me to review. No more SEC rules on selective disclosure or out of period disclosures so I can call up and talk to the boys-maybe even tour that empty warehouse in the picture. Looking forward to a review of that much discussed second set of books too.
You say "Why the SEC rewards this type of anti-shareholder activity is beyond me." Not sure what behavior you speak of and what is this reward?
Finally you say "He and the company should be sued." They probably will be. But what would I get if I did sue? At 12-31-15 (last public filing date covered) the company had something like $1.2 million more in debt that assets to cover it. What do I get if I win? Intense personal satisfaction won't cover the losses if all the posts here are correct.
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