The sec is supposed to be watching and policing this kind of activity. for whatever reason they are not. sad commentary on America. we are becoming a scammy prevalent society.best thing yoy can do is not invest in the stock markets. there is no oversight with an example like this.
Imo the sec should seize the assets (cash) and company. Sell off the inventory and any real estate holdings at auction. Distribute out cash based on investor holdings at a certain cutoff point as a % for all to recover at least some of funds invested. This was a total scam. By the time lawyers are done in a suit there will be nothing left.
what are we supposed to do now? Any lawsuits? In 1 year this stock was financially engineered to go to zero. Many of us here were robbed essentially. This company is sitting on millions of dollars of cash. I want my $ back from that pot.