How could it possibly be a CON right under the watchful eyes of the SEC? Don't you think the SEC could see it?
Well, lets think about that question. The SEC suspended LLEG and removed it from the Pinks, which in most cases is a death sentence for a stock. So, to answer your question, Yes, I think the SEC could, and did, see it.
Is Mike that cleaver as to pull the wool over the watchful eyes of the SEC? I think not.
This is the first time that I agree with anything you have written--I agree that Mike is not clever enough to pull the wool over the SEC. And that fact was proven when the SEC shut him down.