Sylvia don't believe anything you read about lightsheets or XLIT. Rawman is correct, if there was even the slightest chance that XLIT was going to be a continuing concern, schramm would have at least filed for an extension of the companie's 10K. As for schramm being charged with a crime and then having to pay restitution to his victims, that is a definite possibility. The SEC is investigating this, and I'm told if anything illegal is uncovered they will refer to the FBI for criminal prosecution. The tape recordings of the traders choice salespeople are quite powerful and if a connection can be made directly from XLIT to them, schramm has got a real problem. As for selling stock directly to investors, this is actually legal as long as schramm discloses the sales. He has disclosed some sales of his own stock to several people but I'm told there were many sales that were never reported. As a matter of fact, these direct sale investors are the ones doing the most to help all the people harmed in this scam.
