GB SCIENCES INC GBLX (last ticker on record)

CIK 1165320Its SEC filings (opens in a new tab)

Restatement
95% wipeout
Restructuring

These figures describe clients, not conduct. A lawyer or firm can serve many companies that later had trouble for reasons that have nothing to do with their work, and nothing here says any lawyer or firm did anything wrong.

Red flags: 3; Newest began Apr 2020
Largest fall in its shares: 96%; Jun 2014 to Aug 2019
Law firms: 3; Linked to 5 or more companies
Lawyers: 1; Linked to 5 or more companies

What happened

Apr 29, 2020Debt accelerated (Item 2.04)Form 8-K (opens in a new tab)
Jun 28, 2019Shares down 95% from their high
Nov 20, 2009Said its accounts could not be relied on (Item 4.02)Form 8-K (opens in a new tab)

An SEC release can name a company’s officer, or its stock as what a scheme sold or moved, so the company may be the victim. Each link goes to what to read.

Law firms

The ratios are about all the companies linked to each one, this one included: how many had that outcome, as a multiple of what comparable companies show. 1.00 means no more than expected.

Law firms linked to this company
Name	First linked	How it is known	Linked companies	SEC/DOJ scrutiny	Went dark	95% wipeout
Eiseman Levine Lehrhaupt & Kakoyiannis, P.C.	Feb 2002	Named in a filing	10	0.97	0.00	1.23
Fox Rothschild LLP	Apr 2019	Text search only	149	0.92	1.38	0.90
Fenwick & West LLP	Sep 2018	Text search only	443	0.95	0.21	1.23

Lawyers

The ratios are about all the companies linked to each one, this one included: how many had that outcome, as a multiple of what comparable companies show. 1.00 means no more than expected.

Joseph SierchioSierchio & Company, LLPFirst linked Feb 2002 · Named in a filing · 20 linked companiesSEC/DOJ scrutiny 1.28× · Went dark 0.00× · 95% wipeout 0.81×