jabberstox: Scam isn't the right word for this, even if the worst case does prove to be true, that Jim et al made the government contracts up.
Scam applies to companies that are really totally without any redeeming qualities. Scams have no products, no potential at all.
IMNSVHO, the evidence is leaning heavily in the direction of the contracts never existing. Why would Jim make them up? Who knows. Maybe he thought he was getting a fat contract, announced it, but it fell through and he didn't know how to change the story.
I don't know. But it is pretty clear that over the past couple of months Jim has been full-speed ahead in trying to position CKYS for real potential. IMNSVHO, I don't think this is coincidental to the SEC investigation - The SEC would have contacted him as long as 3 months ago for the infor they finally suspended trading to try and get.
Does it matter if that was the trigger for his drive towards getting CyberKey and its products on the map? Nope.
So, scam is the wrong word. If it turns out the contracts, their revenue, and profits were ficticious, Jim and his top cohorts will have a lot to answer for. But by then, Jim may be able to set the company on a path it should have been set on a very long time ago.
Good luck...
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