I've done some due diligence and I just don't see this stock being a scam. Rather, I think they are just a failing business that is losing money. With the losses and the lawsuit, they are going to have to turn this around or they will be bankrupt in 12-24 months. I have no interest in investing in this company right now. None. It appears to be a failing business. A legit business, but also a failing one.
You are correct. But the scam is in the run-up. The way whoever pushed this junk to the levels it is now are skilled scam artists, pure and simple. I can't complain though, without these scams us short sellers would have a harder time making a living.