Well, it mattered before the statute of limitations was up.
Basically, the underfunded and understaffed SEC did the minimal it usually does for microcrap fraud like this: they laid out their civil case for fraud to the investing public, and fined and banned Bordynuik from being and officer or director for 5 years. The OSC in Canada did something similar.
The SEC probably figures that, after making the fraudulent nature of this enterprise publicly available, it's up to the investing public to decide whether they still want to invest or believe in what remained of P20.
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