U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 22489 / September 21, 2012
SEC v. Revolutions Medical Corp. and Rondald L. Wheet, Civil Action No. 1:12-cv-03298-TCB (N.D. Ga.)
SEC CHARGES REVOLUTIONS MEDICAL CORP. AND ITS CEO FOR FRAUDULENTLY ISSUING FALSE AND MISLEADING PRESS RELEASES
This case is somewhat troubling considering all the interconnections between KBLB and RMCP especially with respect to the stock promoters, timing of those promotions and who those promoters are such as Penny Stock Circle and Stock Watch Alert. BTW, the names of the agents on the case are very real.
Never said that. What I did say is that KBLB has a serious problem considering that CSC funded KBLB and also contracted to do the investor relations work via Quality Stocks. In turn, Ben Hansel funneled millions of shares via his family trust to Stock Watch Alert which also pumped RMCP. It gets a little more interesting when you have to know that Texxon, Inc. is/was part of KBLB via Gifford Mabie III while his daddy was running Maxxon, Inc. which became RMCP. Catch this, RMCP has now been charged TWICE with fraud. In the broader scheme of things, both companies were in one way or another connected to the old UTEK scam.
Investors need to know that the idea of commercializing university developed R&D has been around for a long time and UTEK ruined what was a great idea by milking innocent investors. If investors want to know more about it, Mark Cuban (yeah the billionaire) developed a website named Sharesleuth that details the scam.