The PROVISION Decision
ProVision produced fulmic acid that was a health supplement. The status as a penny stock was an overnight success. Sadly, due to an associated company’s SEC problem, it brought unnecessary SEC scrutiny to ProVision.
In America, the SEC is not a pro-business organization, And, far too many good companies have been targeted and destroyed for mysterious violations that are costly to defend, and public announcements damage the company regardless of guilt or innocence.
Though ProVision had ample funding and the ability to fulfill all commitments, Robert Fletcher had no criminal charges and was not penalized, although an unmeritorious $5 million forfeiture meant the company could no longer survive.
Why Does the SEC ATTACK?
Here’s the problem faced by all U.S. businesses. Regardless of the best efforts of the company, the SEC can confiscate funds, charge civil penalties, and force the owners to fight an expensive and protracted legal battle just to prove their innocence.
The business owner, regardless of innocence or guilt, is put into a “No Win Situation” that forces targeted businesses to simply agree to forfeit all assets in order to end the harassment
