Shell Heuristics · application docs

publisher · enricher-v2 · corpus

Case 01 — Rapid Therapeutic Science Laboratories (RTSL)

CIK: 1575659 Ticker (OTC): RTSL State of incorporation: Nevada SIC (current): 2834 — Pharmaceutical Preparations

Charging document

  • SEC v. Rapid Therapeutic Science Laboratories, Inc., et al., N.D. Tex., Case No. 3:23-cv-2095
  • Complaint filed: 2023-09-18
  • Named defendants: Donal R. Schmidt, Jr. (CEO), Rapid Therapeutic Science Laboratories, Inc.
  • Alleged conduct: Materially false and misleading public statements regarding FDA approval and revenue, coupled with manipulative trading. Pump-and-dump on OTC market.
  • Dollar amount: Approximately $13 million in investor losses; promoters retained roughly $2M in undisclosed promotional fees.

EDGAR filing chronology (structural fingerprints)

Date Form Accession Significance
2013-05-23 S-1 0001393905-13-000234 Original shell registration as PowerMedChairs, Inc.
2017-06-07 8-K Item 5.03 (name change) PowerMedChairs → Holly Brothers Pictures, Inc. (SIC pivot: medical chairs → motion-picture production)
2020-01-21 8-K Item 5.06/5.03 (name change) Holly Brothers Pictures → Rapid Therapeutic Science Laboratories (SIC pivot: film → pharma)
2020–2023 NT 10-K × 5, NT 10-Q × 7 Chronic late-filer cluster
2023-09-18 SEC complaint filed
2024-01-16 15-12G Termination of registration (going-dark blackout 4 months after charge)

Per-heuristic scoring

# Heuristic Trip? Earliest accession date Weight Score
1 name_recycling YES — 2 formerNames 2017-06-07 (PowerMedChairs → Holly Brothers) 3 3
2 shell_reactivation YES — 24+ month gap before 2020 pivot 2020-01-21 3 3
3 reverse_merger_chain PARTIAL — 5.03 sequence on name pivots 2017-06-07 3 2
4 penny_stock_s1_s8 NO — no S-8 dump observed 2 0
5 late_filer_cluster YES — 5 NT 10-K + 7 NT 10-Q in 36-month window 2020–2023 2 2
6 going_dark_blackout YES — 15-12G within 4 months of SEC charge 2024-01-16 2 2
7 filer_agent_overlap UNKNOWN — filer 0001393905 not yet matched to known mill 3 0
8 form_d_only_issuer NO — issuer files periodics 3 0
9 reg_s_issuance UNKNOWN — body-text not scanned this pass 2 0
10 reg_a_offering NO 2 0
11 sic_code_drift YES — chairs (3949) → film (7812) → pharma (2834), 2 major-group shifts 2017-06-07 2 3
12 promissory_note_clauses UNKNOWN — body-text not scanned 2 0
13 opinion_letter_presence UNKNOWN 3 0
14 form_144_outlier UNKNOWN 2 0
15 sec_staff_action NO 3 0
16 self_filer_for_material_capital NO 2 0

Headline structural score: 15 / 38 (using only signals confirmable from submissions JSON without body-text scan). With body-text augmentation (heuristics 9, 12, 13): expected 17–20 range.

Precrime lead time

  • Earliest trip date: 2017-06-07 (first name-change to Holly Brothers Pictures triggers name_recycling + sic_code_drift).
  • SEC complaint date: 2023-09-18.
  • Lead time: 6 years, 3 months before SEC action.

Cane-scheme pattern match

RTSL is a textbook LATI-style identity churn on a single CIK:

  • LATI (Tele-Lawyer → Dynamic Associates → LATI) recycled corporate identity 3× over 2001–2010 on CIK 878146.
  • RTSL recycled identity 2× over 2017–2020 on CIK 1575659.
  • Both ended with a 15-series Form filed shortly after SEC interest crystallized (LATI: 15-12G post-investigation; RTSL: 15-12G 2024-01-16).
  • Both used SIC drift across unrelated industries (LATI: legal services → mining → industrial supplies; RTSL: medical chairs → film → pharma).

The Cane catalog, designed from 2001–2010 facts, fires on RTSL with the same fingerprints 5+ years before the SEC complaint. The 2017 name change alone — visible on the SEC EDGAR submissions JSON the day it was filed — was sufficient to mark this CIK for monitoring.