Undisclosed Corporate Actions — The security or company is the subject of a corporate action, such as a reverse merger, stock split, or name change, without adequate current information being publicly available.
In that time, he secretly increased the Authorized Shares from 5 Billion to 30 BILLION. There was not then and STILL HAS NOT BEEN any shareholder communication about the increase.
In the absence of any news, any share price movement has been driven by speculation and manipulation.
Watch out, especially today, for wild speculation and rumor , e.g., "big pharma is going to use...", "I emailed the CEO...", "the CEO promised to meet with me before he releases financials in....", etc.
This wild speculation/rumor on NO NEW NEWS is a sign that big holders are dumping their shares to YOU, the newbie little guy, at inflated prices.
Read the DD on the yellow stickies before investing any money.
There simply IS NO "REAL" COMPANY behind the RIGH pumpbag.
And when the air comes out of the pumpbag, THE LITTLE GUY WILL GET CRUSHED...
BEWARE THE KRAKEN, CRUSHER OF NEWBS!! (ONLY SLIGHTLY KIDDING!)
This is common knowledge and means nothing the majority of OTC have this rating it's due to lock of filing NOTHING MORE. Read what it actually says. Not once does it say that IT IS a fraudulent company it says there is the possibility but it proves nothing other than a lak of filing WHICH WE ALL KNOW IS COMING.