Re: GAW ZenCloud ZenPool Hashlet - does it really exist? ALWAYS MAKE MONEY :-)
GAW under sec investigation? - https://miningadvocates.org/forums/showthread.php?tid=4&pid=4#pid4
There is no SEC official administrative proceedings/investigations on GAWS/Zen, this is the SEC investigation list.
http://www.sec.gov/litigation/admin.shtml
Plus the SEC would not get involved in the reasons he has listed, those TRC file numbers are also not something the SEC uses... maybe another agency but not the SEC.
On other thing about your link : you should check the other post made by the user indeed on this website .. Interesting , espacially the last one .
Well you have to understand how the SEC works.... Informal requests are blasted out by the 1000's each day, they are just that informal inquiries/questions, the SEC is wanting
an explaination for. If there was any CEASE and DESISTS issued it would also be on that list.
Its when you get on the bad boys list Administrative or the Active administration lists, when it comes public and you had better be on the phone with your legal council.
Anyhow... I am not at all happy with GAWS/ZEN, but unvalidated FUD doesnt do much to help matters either.
Pass the popcorn.. This should be very interesting.. Not wishing any company ill will it may bring changes for the good..
If you want my unfounded speculation, if they did try to sell "ownership" as opposed to a "service" IE owning a miner or owning shares/equity or whatever they consider it? They have rewritten the terms so much I am not sure what it is I bought??? So yeah I suspect they did get an "informal request for info". You start changing the rules in the middle of the game things get confused.
They are looking for a new CFO? SEC allegations and so on and so forth? This is one reason I think it is amature hour with the GAWS management, even a novice lawyer or CFO would file a form 504 (a thru d... take your pick of which applies) to CYA themselves, that is the official form to "raise upto $1,000,000 USD" Not giving legal advice or anything... its just one reason I do not know WTF they are doing... I wonder if they do?
But anyhow as long as they arent selling equity or ownership or fund raising on "unregistered securities" the SEC can only ask "informal questions".... but yes you are right it is popcorn time.