GeckoSystems Intl. Corp. (GOSY)

[Goku777]

In short- seems plausible.

The SEC has pursued certain PIPE investments (primarily involving hedge-funds) as violating U.S. federal securities laws. The controversy has largely involved hedge funds that use PIPE securities to "cover" shares that the fund "shorted" in anticipation of the PIPE offering. In these instances, the SEC has shown that the fund knew about the upcoming offering (in which it would be involved) prior to shorting shares.[2]

http://en.wikipedia.org/wiki/Private_investment_in_public_equity

MO