Most of the companies that SEC shut down were non-reporting companies, they use false information to make up prs and scam investors. PNCH is a full reporting company and most of their fillings are audited by third party, so I personally think it has little chance to be shut down unless Steve really committed big fraud in the fillings . If Mr. Collins felt he had to file the SEC complaint for any reason, he should do it privately and let SEC to decide if Steve had any wrong doings. Issuing a pr about his SEC complaint of the CEO (or former CEO according to him ) of the company on unpopular news sites only shows how unprofessional and irresponsible he is as a public trading company management member .