Are you an SEC Lawyer? Have you practiced in front of the SEC? Are you telling me that agreement they signed is legit and contains no false statements in it?
What you heard and what is on paper are in fact two entirely different things, and law only cares about what they see on the paper not what people heard or think they saw. Kind of like the Form 15, it is on EDGAR and yet anyone can go look at it and see they failed to file it correctly. Yet somehow I keep hearing about the wrong one got filed. The SEC does not give a rats ass as the make believe document that has it right, they only care as to the one that was filed to them years ago that is WRONG.
This year alone is a record year in SEC suspension for OTC securities, many have been suspended for failure to file. JB misrepresented the CCAJ shell as being in compliance with SEC filings and that is in fact false. It appears there are many other issues as well, besides the illegal conversion, it also appears there was a nondisclosed compensated pump by a promoter to help those with illegal shares to dump them on the market.
Exciting times for sure.