$MMAT It's a simple case. This isn't Enron, with complex trading operations, offshore entities and thousands of employees. It's just a university research lab-equivalent. A handful of PhDs working on chemistry experiments. The business particulars are very simple: misleading and false statements about - nonexistent contracts - R&D that's not even close to commercialization - rumor-mongering about a nonexistent "short squeeze" - circumstances & timing of the "dividend" they didn't pay In TRCH's defense they clearly stated their oil and gas "assets" have no oil or gas and that none of the five parties they approached had any interest in or desire to even consider buying those assets.