They can’t stop a fraudulent company from filing a 1-a. How would they know unless financials were audited? Lol you think there’s an employee overlooking every individual filing? Ever been to the dmv? Lol
For example, HP*MM is a pink and they filed an audited 1-a offering at .005 per share. With all Axxa’s success, there numbers are unaudited and they are seeking so little in return it doesn’t make sense when holdings are supposedly 100M+, and with rev increasing