GeckoSystems Intl. Corp. (GOSY)

[robotgeek]

SPENCER IN VIOLATION OF SEC RULES

Martin Spencer, already wanted for the commission of a crime in VA, has violated SEC filing rule Section 229.103, which requires notice of legal proceedings.

Spencer claims in his annual report that the lawsuits and judgments are not material, but under the definition in the rules, they are clearly material.

Any litigation or award which exceeds 10% of the current assets of the company must be reported. Since the judgments plus the potential damages of the defamation lawsuit could be over $150,000 and the assets of the company are well under $1 million, Spencer's failure to report the litigation is a SERIOUS violation.

Spencer can be fined and/or jailed if found guilty. I suspect his legal counsel is also aware of this violation and could face serious problems as well.

Why won't Spencer obey the law? Why does he continue in his UNETHICAL conduct?