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.