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Because that is what SECI said on the 25th when I asked, unless they are lying? They said exactly what the next steps are. How can I manipulate the situation? I know what is going on based on what I was told directly from SECI. A lot of people on here don't know whats going on, which is apparent by everyone saying , the 5th, the 5th, the 5th. All I am doing is laying out facts, again, unless SECI is lying?
It is what SECI says it is, not what I say it is. They havent even presented their new evidence yet and are still collecting it. They even said they have "most" of it, but not all of it.
I'm not saying it's not a big case, I'm saying this is not the resolution to the case. People have expectations that on the 5th, this will be resolved or they will know a settlement amount, or any other of several theories...I thought some of those things too, until I asked them directly.
FYI - The ruling on the 5th is not win/loss for either party. The defendants are filing summary judgement on the 5th. After this, they go to discovery and SECI will present their new evidence. Based on this, the judge will set a motion for trial.
One of the parties has to request a telephonic hearing. From researching online, judges have to grant it because they do not do it very often.
I'm not sure why they would want of telephonic hearing with all of their new evidence they are providing (evidentiary hearing)??? Maybe this is why they said they will go to discovery after the summary judgement on the 5th and then they will present their evidence (once all collected) afterwards. Otherwise, it seems like they would want to do all of this in person, or at least have their lawyers present it to the defendants and/or their lawyers.
Telephonic appearances and hearings are permitted by courts, particularly when counsels are located in different cities. Telephonic hearings are granted at the discretion of the assigned judge and therefore it is privilege rather than a right. Requests to appear telephonically should be in writing and should be filed in the Court within the time specified. Prior approval of the court is necessary for telephonic appearances. Once approved the court room deputy will give instructions as to the procedure that is to be followed. Parties should identify themselves each time they speak so that the Judge and the recorder know who is addressing the court. Usually evidentiary hearings are not allowed by phone.
Soon, very soon! Have been digging for more info about the company so hopefully we get some news soon also.
It was posted here yesterday, I believe. You can always call the court house as well. Several of us have done that.
There is no way to give any kind of estimate on that as every single case is different. Once they have summary judgement on the 5th, they go in to discovery and present their new evidence...it could be a clean cut case after the discovery period (short time frame according to SECI) and the judge is in favor of SECI or it could be a big battle and a lot of back and forth and get dragged out.
SECI sated that they don't expect to receive any type of $ (assuming they win) until the earliest of March 2019 or after. It was in one of their pr's or website. It's written somewhere by them, can't recall this second but it was posted by someone within the last day.
SECI should be able to give an update on/after the 5th, but they may not say anything until after the suspension has terminated or they may not say anything until the trial/settlement has been reached which is all TBD.
Thanks, I knew it was somewhere around there.
Would be nice. 52k float, I'm patient.
I was in last time but I think this time it has real legit potential. We shall see in the coming weeks.
Interested to see the transition from here back to pinks.
It was July 5th and resumed July 19th.
Website was created in 2010, so nice to see it wasn't just created like a lot of these pop up scam sites.
Oh, we already have shares...I'm just saying it sucks not having L2.
CYPE was good to me last time...we'll see if Ibeto slam dunks this one.
Sucks not having L2 lol
He is very irritating..will always outbid you and get in front of you unless you move your bid up significantly.
That is very interesting.
Long story short:
There is a summary judgement on the 5th. There will be no settlement on or before the 5th. SECI has stated this will be going discovery after summary judgement and and present their evidence once they finish gathering all of it and they said they have "most" of it.
Nothing anyone can do now but wait until they release a statement.
Indeed. News will surely be coming soon.
Here we go. Don't sell in to the bid folks. Hold your shares.
I see. Something is coming soon. They might have to hit the ask.
Wow, this is moving again?
We'll get on some radars over the weekend...next week, we'll see a reversal. If they put any news out next week, a big reversal.
Right. I just don't remember seeing it yesterday,maybe I just missed it.
Caveat Emptor:
Buyer Beware. There is a public interest concern associated with the company, which may include a spam campaign, questionable stock promotion, known investigation of fraudulent activity committed by the company or insiders, regulatory suspensions, or disruptive corporate actions.
When did this show up???
https://www.otcmarkets.com/stock/seci/overview
I agree with that...seems logical to at least give back what people had at the time of the suspension, but that's up to the courts and company.
It has a Caveat Emptor, when did that show?
Also, just somerhing to keep in mind with the other similar lawsuits since i see them being compared...you had to be a shareholder on record during the specific time frame..I dont think many of us had this when it was 500 to 1000. They would be the ones made whole, if i am not mistaken. The company would still get the rest of the money if they win, to return back to the company or do as they will with it.
Interesting, so it was one of them, likely.
Now I'd like to know how many employees they have since they have been dormant for 9 years.
Could always see eod buying.
Thanks for that article...I use ML, but not for OTC. They have always been finicky with the OTC anyway.
Here is Pericles and SECI tweeting under his own tweet he made....so if it was fake, wouldn't he have immediately called them out? It's impossible that he would not know the SECI page is there, even his own tweet references the page...
https://twitter.com/ExposedFacades/status/1044270367244673024
When tickers go grey, that's it. You see a 90%+ decrease in what you have. There are no mm's on the bid/ask.
Is this going grey? We don't know. Every other suspension has ended with grey...so we'll see if this one is different.
Look on his twitter feed, he references them in his tweet. https://twitter.com/PericlesDeAvila/status/1044267383265746949
Most people believed the tweets to be true as they believe the account to be real. I think everyone has been basing their info and even dd off of that.
Well, already coming now lol
Just need a little buying pressure.
Why would SECI lie to a shareholder invested in their company? Wouldn't it make more sense to just not answer or say they can not disclose any information at this time?
"If they DID .....and the SEC found out
The SEC would suspend the stock
Hmmmmmm"
Isn't it currently suspended? I guess we don't know 100% why though outside of the suspension document.
I'm sorry, but what you're saying is not making any sense. Anyway, no need to go back and forth, people can believe their own DD, your DD or what has come directly from SECI (since they are liars now, according to you). We will see what happens on the 5th and the 9th. Good luck.
ORDER OF SUSPENSION
: OF TRADING
File No. 500-1 :
____________________________________
It appears to the Securities and Exchange Commission that there is a lack of current and
accurate information concerning the securities of Sector 10, Inc. (CIK No. 0000925661) because
of questions regarding the accuracy and adequacy of publicly available information in the
marketplace made by Sector 10, Inc. on social media regarding pending litigation, and potential
market manipulation in Sector 10, Inc.’s common stock. Sector 10, Inc. is a Delaware
corporation whose current principal place of business is in Bluffdale, Utah. Its stock is quoted
on OTC Link, operated by OTC Markets Group, Inc., under the ticker symbol SECI.
The Commission is of the opinion that the public interest and the protection of investors
require a suspension of trading in the securities of the above-listed company.
Passing recent HODs today.
Tell me what I wanted to hear? Maybe they told me inadvertently or just answered and shouldn't have...but I'm sure it wasn't to get rid of me, they could have just chosen not to answer me at all with what I asked them if that is the case.
If that was the case they would have told me yes this will be over on the 5th. This was not a clerk, this was SECI. I have screenshots of my communication with them on the 24th and 25th and other screenshots...which I would share on or after the summary judgement on the 5th if needed.
So, the same account putting out the tweets, etc. that everyone has believed and and told me this, means none of the tweets or this info is correct according to this being a clerk doing all the tweeting and replying to me?
Again, all I am trying to do is give people factual information, not my opinion or what people "think" is happening with the case.
I hope things work out for SECI, but facts also need to be laid out in regards to the process. I don't think now is the time to give people holding SECI false promises or false expectations, which again, is why I am giving facts, directly from the company.
See post 6069.
People are still sharing info that is not correct about the 5th. It's in your best interest so you have facts, to contact SECI and ask them, just as I have and you will have complete clarity on what happens on the 5th and after regarding this case.