There is no such thing as a permenant halt. The SEC can only suspend for two weeks. After that an MM must sponsor a company in order for it to be listed anywhere other than the greysheets.
They do this to protect future investors. Existing shareholders caught up in a scam have a route to remedy through a civil lawsuit.
Given the ownership dispute, obvious behind-the-scenes manipulation evident now along with the lack of any transparency into what's actually been going these past 4 months, an SEC suspension/investigation is warranted.
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