Replies to post #12638 on Quanta Inc (fka QNTA)

[PennyWorld]

I say..... let them have their day in court. Innocent until proven guilty. The SEC occasionally must prove their net worth, so they go after the little guy who has little resources to defend themselves.

Over the years I've seen many, many other penny stocks that have clearly defrauded the investors by pumping and dumping followed by an R/S. They then repeat the cycle (R/S, pump and dump). Yet the SEC seldom ever goes after those fraudulent schemes. Sometimes the SEC investigations are political in nature.

It's government. Just like the FDA approving COVID vaccines with very little testing (NO long term testing), yet they almost never approve a COVID therapeutic. Why does the FDA do that? Because they receive very lucrative "User Fees" based on drug sales. So they have a corrupt incentive to approve drugs from big pharm like Pfizer over the little guy. It's government which can be very disfunctional. JMHO of course.

[PennyWorld]

In addition, the SEC has a terrible track record with bringing justice to the OTC. The OTC is a graveyard of littered fraudulent pennystock scams that eventually die under their own weight --- with absolutely no help from the SEC. IMO the SEC chose to pick on QNTA to make a political point. It has nothing to do with justice. It's a waste of tax payer money when there are much bigger fish to fry.

Folks that judge before seeing all of the evidence would make very poor jury members. Innocent until proven guilty. That's the law of the land.

[Dragon Lady]

LMAO BS,

Since we do not have all the information.. ie we do not know what the details of investigation or allegations are … it is quite possible that there isn’t much else for them to be able to state publicly other than : “We contend that we have not committed any wrongdoing or the violations referred to in the Notice.”

Huh...?????????

Supposedly DON'T KNOW WHAT THE ALLEGATIONS ARE ??????

A WELLS NOTICE is a PRE NOTICE OF INTENT TO FILE A LAWSUIT - very similar to pre-suit requirements in med-mal and suing a city etc. One must give "NOTICE OF LAWSUIT" in most states - within strict time limit guidelines etc.

IN THE WELLS NOTICE - the SEC lists essentially ALL ALLEGATIONS that will be in the "Formal Complaint" the DAY they file it in a Federal Court aka LOS ANGELES in this case aka CA FEDERAL DISTRICT COURT !!

Here's the supposed non existent "allegations" and "FRAUD" is NUMERO UNO:

"
The staff of the Los Angeles Regional Office of the Securities and Exchange Commission (the “Commission”) stating that they are recommending an enforcement action be filed against us based on (i) our financial statements and other information contained in reports filed by us with the Commission by us for our 2021 year and thereafter; and (ii) press releases issued by the Company.
The Notice states that the Commission anticipates alleging that we have violated Section 17(a) of the Securities Act of 1933, Sections 10(b), 13(a), 13(b)(2)(A) and 13(b)(2)(B) of the Securities Exchange Act of 1934 and Rules 10b-5, 12b-20, 13a-1, 13a-11, 13a-13, and 13a-15 thereunder."

THOSE ARE THE "CIVIL LAW VIOLATION" ALLEGATIONS and that is THE FORMAL COMPLAINT that will be filed in Federal court aka the Reader's Digest version of same WTF !!

THIS SCAM IS BAKED - the SEC chooses its targets with EXTREME PRECISION as they have very limited resources in terms of the number of staff attorneys etc - BUT ONCE THEY PICK A TARGET it's UNLIMITED TIME and RESOURCES FOR THE FEDS to crush and grind said target to DUST !!

It's VERY likely a CRIMINAL COMPLAINT filed by THE DOJ aka THE UNITED STATES OF AMERICA as Plaintiff will follow the SEC "civil" suit- that is usually "how it's done" and that will mean FBI, USPS, IRS, FTC and "other" alphabet agencies who work for the DOJ who does the "lawsuit filing" portion.

These clowns may also face things like potential CA AG Attorneys General lawsuits now for FRAUD - etc.

ONCE THE FEDS have um on radar lock - it only goes downhill rapidly from here LMAO !!

RUSSIA - the FEDS are gonna rip that bad scene open like a bag of chips and wait till they file charges related to that bullshit LOL !! Aka Farmastik or whatever the hell it's called aka "The Moooch Family Biz" in ole mother Russia and the Ukraine area aka money laundering central :)

THE MOOCH and his days as a serial OTC grifter and penny con are coming to an end on this last dirty rodeo he chose to ride :)