There is so much more to be unpacked and chopped up starting with Flax.
And the SEC also stated - "As described above, the Consent Judgments leave open for later resolution by the Court upon motion or further settlement the amounts of disgorgement, if any, and/or civil penalties, if any, to be paid as to all Defendants, and whether a penny stock bar shall be imposed as to Sean McManus, and if so, the length of any such bar."
Deitsch has put a huge target on NPHC - if he cared about the shareholders he would have resigned and completely removed himself from the company.
I don't think you understand how serious a penny stock ban is - it puts NPHC in peril.
"Permanently enjoin Rik Deitsch from committing violations of the federal securities laws that the SEC has alleged in this case, including violations of Sections 5(a), 5(c), and 17(a) of the Securities Act, Sections 9(a)(2), 10(b), 13(a), 13(d), and 16(d) of the Securities Exchange Act, and Rules 10b-5, 13a-14, 13d-2, and 16a-3 thereunder; impose a three-year officer-and-director bar on Deitsch, pursuant to 15 U.S.C. §§ 77t(e) and 78u(d)(2); and impose a three-year penny-stock bar on Deitsch, pursuant to 15 U.S.C. § 78u(d)(6)"
This is very important:
Many penny stock market participants are unclear about the wide range of activities prohibited by a penny stock bar. The bar prohibits owning a penny stock even for one’s own account as well as any activity related to an offering of a penny stock, including drafting disclosures. The impact of a Penny Stock Bar is that he individual is barred from acting as a promoter, finder, consultant or agent or otherwise engaging in activities with a broker, dealer, or issuer for the purpose of the issuance or trading in any penny stock or inducing or attempting to induce the purchase or sale of any penny stock.
Deitsch owns billions of shares and has to return them to the Treasury or dispose of them someway - if Deitsch tries to get cute the SEC will turn it over to the DOJ.
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