Bud Genius Complaint 6-months Ago ..... What-Now ? .....
So this complaint against Stanz and Bud Genius was filed six-months ago !!! ..... and you seem to leave the impression it happened almost yesterday ..... What in fact ..... has happened by today ? ..... OR ..... if nothing yet ..... Then be truthful and say so !!! ..... Technically ..... Stanz would only be allegedly "nailed" ..... in the event an official judgment has been entered by a court ..... Has It ? !!! .....
While the actual SEC charges do confess ..... "At all relevant times, Bud Genius did not have a reporting obligation under the Securities Act and its common stock qualified as a penny stock under Section 3(a)(51) of the Exchange Act and Rule 3a51-1 thereunder."
If Bud Genius had no legal reporting obligation ..... then how can they be charged with violating reporting obligations ? ..... Only with "standing" in an apparent two-faced contradictory legal process ?
Personally ..... I find this "clarifying" remark in the official SEC legal filing ..... loaded with conflict ..... and confusing ..... Because if it is true ..... then it would follow that ALL SEC charges should logically be deemed irrelevant and groundless .....
While ..... at the same time ..... The Supreme Court has seemingly officially ruled the SEC Judicial process to be "UNCONSTITUTIONAL" ..... So let's dump another load of official counter-point fact ..... into the apparent ongoing procedural quagmire ..... and try to decipher the actual TRUTH ..... if at all possible .....
I would not expect you to actually know anything concrete and up-to-date at all ..... OR ..... you would have been able to post it !!! .....
In at least six press releases issued throughout March and April 2015, beginning with one issued on or about March 5, 2015, Bud Genius described itself as “a licensee of celebrity-endorsed marijuana and hemp related merchandise.” These press releases deceived investors because Bud Genius was never, at the time of the press releases or any time thereafter, a “licensee of celebrity-endorsed marijuana and hemp related merchandise.” A proposed acquisition to obtain licensing rights associated with Tommy Chong never materialized, and Bud Genius was never a licensee of any celebrity-endorsed products.