There were two big plays in GOIG in 2010: pre-launch and post-launch.
If you were in GOIG right at the 52-week low ($0.0004) and sold right at the launch of Go800 ($0.061) you made a ton of cash (every $1k invested at $0.0004 was worth $152k at $0.061 by my calculation).
If your brokerage account allows you to short and you opened a position on Go800's launch ($0.061) and held until today you did almost as well. I very rarely short and then it's inverse ETFs. I make money going long or being out until a time I think it's not that risky to go long.
If I were the SEC, FBI or other investigator I would focus my efforts on who was in GOIG at $0.0004 and out around $0.061 (in at the initial and out at the top). If the same person or people opened shorts around that time it would look highly suspicious to me. I would also look at the trading tape in the days before the big run-ups in price and the subsequent dumps in the interim period. The $0.0011 to $0.0023 period is an example. Someone somewhere has access to those records.
It's hard to prove a pump and dump and it's easier to see what's happened in hindsight. I wish I'd day traded it all, but I haven't. Nowhere near.
I still hold that GOIG will decline further on:
1. The financials
2. Dilution
I very likely won't trade those drops, but would be very surprised if they didn't occur. GOIG as far as I can tell hasn't altered it's fundamental position much. The pump and dump issue isn't the drops which are to be expected -- it's the massive percentage run-up in price beforehand that helps sucker in unsuspecting investors.