Except that he didn't. He had no choice but to carry forward numbers from previous filing. But he made clear in notes to his filing that no BTC were currently in company's possession. That meant Shaefer lied about having BTC or that Schaeffer and igloo's man had stolen everything.
The company is being held accountable and Pillsworth has been very quiet recently.
We don't know what correspondence Pillsworth has received from the SEC - the OTCM doesn't have any enforcement authority that is for the SEC.
Plus the OTCM placed a Shell Risk on CCTL and have it listed as Dark or Defunct and of course the CE - they can't do anymore to tell investors to stay away.
Unfortunately, in most OTC cases it is the shareholders lose and the CEO moves on to another scam.
That is why you never get married to a OTC stock especially one that doesn't report to the SEC.
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