Some additional points addressing various comments and themes:
>I’m glad there is additional dialogue about investor due diligence. Others are absolutely right that if you’re going to invest in a company it is up to you to do your own due diligence. Go visit the company, speak with customers, get references.
>I lost no money in this process and was simply looking out for the interests of a friend and investor.
>The original individual referenced counter sued the State of Idaho for defamation, after the State originally filed suit against him years ago. Obviously the State has far greater resources than I do. As much as I’d like to throw up names, links etc. there is a very real downside and unfortunately is not something I’m willing to do at this time publicly. If some enterprising investigative journalist wanted to take the reins I’d be open to helping them find out information on their own.
>This was posted on Blogger because I didn't want it distracting from other things I’m working on. I also don’t think my personal site would have been able to handle the traffic.
>There are legitimate examples of reverse mergers and stocks that aren't traded on major exchanges. However, the smaller the stock the more chance for fraud, fewer checks etc.
>International incorporation is a regular practice and employed by companies such as Apple and Facebook. However the Cayman Islands are simultaneously a hot bed for fraudulent activity (interestingly as are Vancouver, B.C. and Boca Raton, Florida).
http://www.businessinsider.com/facebook-funneled-nearly-half...
As for Unicorns and sniff tests, if you don’t believe it, that's ok. I wouldn't have believed it either. It's good you're exercising your right to question things which was the basis of the post.