Let me see if I've got this right.
No, you have nothing right in your misinterpretations of what I have been posting.
Until the SEC obtains a civil court ruling baring him from participating in the market, Reid can start up as many companies as he wishes. There's no "blessing" to it. Neither does starting up a second company mean the all clear has sounded on his first mishap. I can hear it now... but but but if he was still under investigation FINRA wouldn't have given their approval. Do you wish for me to explain to you the differences between informal and formal SEC investigation?
The truth be told Reid does NOT file 10Qs with the "other" company. His last filing with the SEC in the "other" company was a 15-12G 16-Sep-08 to deregister the stock, so he wouldn't have to file a 10Q! At the time he claimed it was too "expensive". What he does file with the OTC is the equivalent of a PR, containing unaudited financials, where line details are hid.
Do you have any other questions?