Lot78 Inc. (LOTE)

[janice shell]

A potential fly in the ointment. A rather large one. The SEC is after Adam Tracy. There's not just ONE investigation, but TWO:

https://www.scribd.com/document/317748103/Tracy-SEC-1

https://www.scribd.com/document/317748167/Tracy-SEC-1-1

On March 14, 2016, Respondents’ counsel produced approximately 1,000 pages of documents that he claimed were responsive to the staff’s subpoenas. Saunders Dec., ¶20. Upon review, however, the staff determined the documents were totally non-responsive. Id. In fact, Respondents’ counsel later admitted the documents related to an entirely separate SEC investigation involving Tracy and Securities Compliance that originated in a different SEC Regional Office.