No current SEC investigation that has been made public, though I suspect they are keeping an eye on it - PYCT after all is a Dominion of Mechizedek scam shell. The SEC may be using PYCT as flypaper monitoring any DOM activity with an investigation that hasnt been publicly announced. It could explain why they havent done the things they claimed they would do 2 years ago (spinoff Dividend and official name and symbol change to FLUSHAWAY. They may be aware they are being watched and are keeping PYCT on life support hoping the SEC goes away.
The old investigation from when Pino was in charge ended as far as I know once he issued a retraction on MLON PRs since they were 99% lies. Then Lawson Pillay took over - I think Pillay may be an alias of Marios old friend Nico Botha (Google that guy). Both have links to South Africa. Pillay vanished after 2008 financials were issued (actually his name hasnt been on PRs since late 2008). IR Tom Hands says Pillay is still in charge but I see no evidence of that. There were claims Hong Kong investors took control of the company in April 2008 buying all the Preferred shares - but that claim conflicts with 2008 financials that dont mention any such transaction of cash paid. They were supposed to issue 1Q 2009 financials in May 2009 but that never happeneed.
Pino got out of jail the end of last month. He has signed on to his MYSPACE account but hasnt said anything about what hes up to. It would be hoot if Mario was CEO again - that guy wrote hilarious PRs when he was running this scam.
Basically PYCT is all smoke and mirrors. I often call it The PYCT Flying Dutchman. After the legendary ghost ship with no captain and no crew.
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