exotic the creditors will get pennies on the dollar.
I believe I said for months, if not years that this company was technically BK and was surviving solely on selling stock.
I see they are under investigation which is also a good thing.
The Company is or has been the subject of investigation by certain state agencies, including securities investigations, in at least the following three states: Florida, Michigan and Missouri.
I find that interesting because Frank Blanco was served a C&D order in Missouri many years ago. Just so happens his attorney in that case was Mark Solomon. Any sale of unregistered securities to people in Missouri may be a violation of such order.
I also had sent a very detailed report to Florida securities regulators.
Nice to know that they follow up on such reports. I hope they get whatever is coming for them.
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