When the phone room failed to bring in the volume Abujudeh hoped for, Abujudeh fired that group of promoters and approached another stock promoter he believed ran a different phone room, capable of bringing in much more volume. What Abujudeh didn’t know was that this individual was a cooperating witness (“CW”) working undercover for the Federal Bureau of Investigations (the “FBI”).
Well thankfully the SEC halts this on 9/28/2021. Magic has zero chance of getting current and let alone the SEC getting the application completed. TDA and others go liquidate on 8/13/2021 only.