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hey atlanta, you don't fit the typical pumper profile, as this is an example of the closest you've come:
"Posted by: atlanta
In reply to: rbtree who wrote msg# 2002 Date:11/20/2007 10:02:13 PM
Post #of 2147
tree... I mentioned this from day one...I feel like no one in their right head will do the same thing that got the previous people in trouble in the first place. In my opinion there is something at that site... how much? I do not know ... I know it is not just Dirt. That is my own assumption.. We are going to know real soon one way or the other. I traded Enron and etc I did not know they where scam.. I know MF and them did Scam people .. I have no proof current nmc are scams..
"
But you don't "know" it isn't just dirt, now do you? nor do you know that current mgt and BOD are clean.....
Common sense and understanding of real mining and the preponderance of mining scams leaves one to deduce that things are mighty smelly in tumbleweed country....
Investo, you can't be that dim......the report for the UG was done by Diversified....the same work that you are calling custodial assays. IT WAS NOT. I'm tired of repeating myself. The work was done in NMC's Prescott lab. And, Diversified has no business performing such work. It's not their business.
Any report claiming over an ounce per ton of Rhodium (and a lot of Pt, etc.) from all three properties (let alone just SV) isn't worth the paper it's printed on.
Give it up, the company is a fraud.
Why would you doubt that Tim called Shepp? He's always had his home phone number....in fact he just gave it to me....but I have no need to verify his info.
Good for you, Tim!
Take your own conclusions from this old BLM "sting" very few lab results are any good.....Jordan's and Shah's stand out as particularly shoddy.
http://mines.az.gov/Info/BLMassaylabsreport.pdf
ActLabs and Chemex are two of the largest and most reputble. Diversified had no business doing mineral assaying. My guess is, they were just a pawn for NMC Heck, the "work" was done in the Prescott lab...far from chain of custody third party.
I should put you on ignore....but your illogical, disjointed, meaningless blather is always good for a laugh.
Atlanta....I'll be flabbergasted if they ever send core samples to a legit lab.....imo, they know what would be the result....zilch pgm's.....and darn near no Au....(amazing how many PP culties are convinced the value is proven.....it is most assuredly not, again imo.)
Umm, re the SEC, they don't have time to police many pinkies, especially the non reporting ones....That said, NMC should be on their radar, due the HCCA connection. And the IRS intrusion can't be taken lightly, as many seem to be doing.
Cause he just babbles nonsensical, illogical baloney.
The full o/s is the float, 5.575 bn shares, essentially. Almost no shares still held by mgt. It's irrelevant that many resist selling their holdings---
IMO, they'll never file audited financials
And a 2003 article, after the delisting, by Brent Mudry of Canada Stockwatch:
Msg. 38135 of 39047
Jump to msg. #
by Brent Mudry
The United States Securities and Exchange Commission has broadened its prosecution of Hexagon Consolidated Companies of America Inc., a penny stock promotion featuring Maurice Furlong, a Reno promoter with a 27-year regulatory history, Michael Pietrzak, a Chicago lawyer with a criminal conviction, and Donald E. Jordan, a 79-year-old registered assayer who posted bogus values of $2-billion to $4-billion on the company's mineral properties. The SEC, Canada and the U.S.'s best known regulator, announced Tuesday that it has banned two accountants who helped cook the books of the tiny company.
In consent settlements, certified public accountants Barbara L. Berry, 42, of Scottsdale, Ariz., who served as Hexagon's chief financial officer, treasurer and a director in 1997, and W. Dale McGhie, 64, of Reno, who served as Hexagon's auditor from 1996 to late 2001, have been stripped of their privileges of appearing or practising before the commission as accountants. Both have also been ordered to do their best to refrain from future securities violations.
The SEC's actions against the Hexagon accountants come after the regulator filed a broad civil complaint targeting Mr. Furlong, Mr. Pietrzak and Mr. Jordan. The SEC claims Mr. Furlong dumped more than 79.7 million shares of Hexagon, fraudulently receiving at least $4.2-million in proceeds, amid a lengthy span of bogus filings from 1996 through 2001.
Although not noted in the SEC complaint, Mr. Furlong used an account at Vancouver brokerage Pacific International Securities. The controversial Howe Street brokerage notes that Mr. Furlong, whose regulatory record dates back to 1977, voluntarily closed his accounts in late 1999 after selling a modest number of Hexagon shares.
In the latest actions, the SEC claims Ms. Berry engaged in dubious accounting, posting a $69.37-million value on California mining claims vended in to Hexagon in early 1997, with no reasonable evidence any economically recoverable reserves existed, a $50-million value on dubious television advertising credits vended in to Hexagon in mid-1996, a $200-million value on a dubious ore inventory acquired in 1995, and a $49-million value on real estate purportedly acquired between 1997 and late 1999, which never materialized.
The regulator made similar book-cooking allegations against Mr. McGhie, Hexagon's auditor from 1996 to late 2001. Mr. McGhie apparently jumped the gun before his SEC ban became official last Friday. Another penny stock client, Intermountain Resources Inc., disclosed in early December that Mr. McGhie informed the company on Nov. 26 that he has ceased doing any SEC work.
Among Mr. McGhie's other recent clients is SulphCo Inc., a Reno-based company under investigation by the SEC. Sulphco notes it received a "Wells" warning letter on March 4, 2002, from the Salt Lake City office of the SEC, advising that civil charges were anticipated against the company and its president Rudolph Gunnerman. (No such action has yet been filed.)
Sulphco had the misfortune of being targeted in a detailed and unflattering June 26, 2001, sell report by influential and controversial California shortseller Amr Ibrahim (Anthony) Elgindy, who is currently fighting criminal allegations he received confidential dirt files from corrupt FBI agents.
Besides Sulphco, Mr. McGhie served as the independent accountant for several other penny stock promotions which featured as a director Alexander H. Walker, 76, whose background includes serving as attorney in charge of the SEC's Salt Lake City branch from 1955 to 1956.
Meanwhile, Mr. Jordan, Hexagon's 79-year-old registered assayer, has made a name for himself with mining industry authorities, including the Bureau of Land Management, an agency of the U.S. Department of the Interior.
On Jan. 22, the BLM released a 2002 survey of selected assay laboratories in North America. Labs were given various blank samples, with negligible values of gold and other precious metals, and conducted assay tests.
Mr. Jordan's Metallurgical Research and Assay Laboratory, in Phoenix, Ariz., stood out with distinction. On the first sample, which had a standard reference value of 0.228 ounce of gold per ton, Mr. Jordan's lab assayed more than two ounces. On the second sample, with a standard reference value of 0.012 ounce, his lab posted 0.68 ounce. On the third sample, with a standard reference value of 0.023 ounce, Mr. Jordan's lab posted a remarkable 1.56 ounces.
(Readers wishing further details of the SEC's Hexagon prosecution may refer to two Street Wires dated March 10, under the U.S. symbol *SEC or the Canadian symbol *BCSC.)
bmudry@stockwatch.com
Here's the last filing HCCA did:
HEXAGON CONSOLIDATED COMPANIES OF AMERICA INC
Form: 8-K Filing Date: 11/1/2001
TYPE: 8-K OTHERDOC
SEQUENCE: 1
FILENAME: hcca8k.txt
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 or 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
September 1 , 2001
Commission file number
0-29006
Hexagon Consolidated Companies of America, Inc.
(Exact name of registrant as specified in its charter)
Nevada 62-1210877
(I.R.S. Employer
of incorporation or Identification No.)
organization)
100 North Arlington, Suite 22F Reno, NV 89502
Registrant's Telephone number, including area code: (775) 324-4852
Item No. 2. Acquisition or Disposition of Assets.
On or about July 27, 2001, the Company entered into a
settlement agreement with Robert R. Krilich, Sr., The R.K. Company, Royce Realty
& Management Corpo., The Rainbow Group, The Senior Group, Gregory Loesch,
Roseann Loesch, The Abuello Company, LTD., hereinafter collectively referred to
as ("Krilich") the closing of which took place on October 7, 2001. Pursuant to
the terms of that settlement agreement, the Company is not allow to disclose the
settlement terms outlined in the agreement except as may be required in its
filings with the Securities and Exchange Commission. The Commission's
regulations require the Company to disclose certain information regarding the
acquisition or disposition of a significant amount of assets. Given that
requirement, the Company includes the following information in this Form 8-K:
Between 1993 and 1995 the Company and Kirlich entered into a series of
agreements for the purpose of exchanging stock in the Company for certain assets
owned or controlled by Krilich as set forth in the Schedule A of the Amended and
Restated Exchange Agreement dated June 5, 1995 ("Exchange Agreement").
Disputes between the Company and Krilich arose and certain lawsuits
were initialed by the parties, beginning in 1997, in the Circuit Courts of Du
Page County and Cook County, Illinois and in the United States District Court,
Middle District of Tennessee, Nashville Division (the discussion of these
matters is contained in the Company's Second Amended Form 10-SB of December 15,
1999 and is incorporated by reference).
Pursuant to the Settlement Agreement, the Company received from Krilich
the following:
(A) The release of all interest and reconveyance by assignment to the
Company of all Company stock issued per the terms of the Exchange Agreement and
the Company stock issued to Krilich's daughter and son-in-law Roseanne and
Gregory Loesch.
(B) The payment to the Company of five million dollars ($5,000,000)
cash.
(C) The release of the Company from any and all obligations contained
in the Exchange Agreement and any other agreements with the Company.
(D) An offer to sell one-half (1/2) of the Company's American
Independent Network trade due bills (AIN credits) for a sum of not less than ten
million dollars ($10,000,000) with one-half (1/2) of the net proceeds payable to
the Company. Krilich has one (1) year to sell the AIN credits. Krilich also has
two (2) years from the date of the Settlement Agreement to purchase the other
half of the AIN credits for the amount of two million five hundred thousand
dollars ($2,500,000).
Pursuant to the Settlement Agreement, Krilich received from the Company
the following:
(A) The reconveyance and transfer of all the Company's interest in
all of the Exhange Agreement Property.
(B) The retention of 17,187,500 shares (17,188 shares after a previous
reverse split) by Krilich of the Company stock which Krilich had received from a
third party as collateral for a loan. Krilich is prohibited from using this
stock as a basis for litigation against the Company.
(C) The release of Krilich from any and all obligations contained in
the Exchange Agreement and any other agreements with the Company.
All parties agreed to a dismissal of all litigation. The closing date
set forth in the Settlement Agreement was October 7, 2001.
Item No. 4. Change in Registrant's Certifying Accountant.
On September 1, 2001, the Company engaged Forbush and Associates of
Reno, Nevada to act as the Company's principal independent accountants. In this
regard, the Company replaced its former independent account, W. Dale McGuie of
Reno, Nevada.
The Registrant's former accountant, W. Dale McGhie did not resign and
did not decline to stand for reelection. The former accountant simply was
replaced as of September 1, 2001. The decision to change accountants was
recommended and approved by the Company's Board of Directors.
Reports prepared by the Registrant's principal accountant on the
Registrant's financial statements for the past two (2) years, have not contained
an adverse opinion or disclaimer of opinion, nor were they qualified or modified
as to uncertainty, audit scope, or accounting principles, except as follows:
1. The Independent Auditor's Report prepared by W. Dale McGhie in
connection with the Company's financial statements as of September 30, 1999,
December 31, 1996, 1997, and 1998, contained the following statement:
The accompanying financial statements have been prepared
assuming that the Company will continue as a going concern, as
discussed in Note 4 to the financial statement. A majority of
the Company's assets consist of mineral inventories and
mineral properties with a carrying value of $269,424,722.
Recovery of the Company's mineral inventories is dependent
upon the extraction and recovery of mineral ore in an
economical fashion. The financial statements do not include
any adjustments that might result in a negative outcome as a
result of this uncertainly.
Note 4 of those financial statements, under the heading "ORGANIZATION AND NATURE
OF BUSINESS," stated: As discussed in Note 1, the company has been in the development stage
since June 29, 1993. A major portion of its assets includes mineral
inventories valued at $200,049,727, and mining claims located in San
Bernardino County, California valued at $69,375,000. Realization of a
major portion of these assets is dependent upon the company's ability
to successfully liquidate the mineral inventory. The financial
statements do not include any adjustments that might result from the
outcome of this uncertainty. These factors raise concern about the
company's ability to continue as a going concern. It is management's
intention to raise additional capital through a) leasing of the MedAway
machines (Note 1), b) sale of some or all of the ore inventory (Note
5), c) sale of some of the advertising trade credits (Note 2), and d) a
private placement of securities.
None of the following events have occurred within the Registrant's two
(2) most recent fiscal years, or in any subsequent interim period preceding the
former accountant's replacement:
(A) The registrant's accountant, or former accountant, having advised
the registrant that the internal controls necessary for the registrant to
develop reliable financial statements do not exist;
(B) the registrant's accountant, or former accountant having, advised
the registrant that information has come to the accountant's attention that has
led it to no longer be able to rely on management's representations, or that has
made it unwilling to be associated with the financial statements prepared by
management;
(C)(1) the registrant's accountant, or former accountant, having
advised the registrant of the need to expand significantly the scope of its
audit, or that information has come to the accountant's attention during the
time period covered by Item 304(a)(1)(iv) of Regulation S-K, that if further
investigated may (i) materially impact the fairness or reliability of either; a
previously issued audit report or the underlying financial statements, or the
financial statements issued or to be issued covering the fiscal period(s)
subsequent to the date of the most recent financial statements covered by an
audit report (including information that may prevent it from rendering an
unqualified audit report on those financial statements), or (ii) cause it to be
unwilling to rely on management's representations or be associated with the
registrant's financial statements, and (2) due to the accountant's resignation
(due to audit scope limitations or otherwise) or dismissal, or for any other
reason, the accountant did not so expand the scope of its audit or conduct such
further investigation; or
(D)(1) the registrant's accountant, or former accountant, having
advised the registrant that information has come to the accountant's attention
that it has concluded materially impacts the fairness or reliability of either
(i) a previously issued audit report or the underlying financial statements, or
(ii) the financial statements issued or to be issued covering the fiscal
period(s) subsequent to the date of the most recent financial statements covered
by an audit report (including information that, unless resolved to the
accountant's satisfaction, would prevent it from rendering an unqualified audit
report on those financial statements), and (2) due to the accountant's
resignation, dismissal or declination stand for re-election, or for any other reason, the issue has not been resolved to the accountant's satisfaction prior
to its resignation, dismissal or declination to stand for re- election.
Item No. 7. Financial Statements and Exhibits
(a) Financial Statements: Financial statements reflecting the funds
received from the settlement identified in Item 2 above are not included herein.
Such financials statements shall be included in an appropriate amendment of this
Form 8-K.
(c) Exhibits:
(16) Letter on change in certifying accountant. Unavailable at time
of filing. Will be included in an amended filing.
SIGNATURES
----------
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: October 31, 2001
HEXAGON CONSOLIDATED COMPANIES OF
AMERICA, INC.
By: /s/ Maurice Furlong
--------------------------------
Maurice Furlong
President and Chairman of the Board
I don't know. They nailed his butt, and the company in 2003. First word of it might have been in 2002. I don't know for sure. I didn't start following the story till Jan '05. I'd read a little about HCCA back in 99-00, but wasn't that interested. I did buy into another desert dirt scam for a few months. Got out before the SEC got them.
It was easy, HCCA was a reporting issuer, and their methods were improper, so they drew attention. now, NMC flies under the radar, as they don't file. But with the IRS sniffing around, my guess is, the SEC may step in as well....of course I think they should
I had it at one time.....
Yup, and the Aquavie Beverage fax blasting SEC sanction years ago...
NMC shareholders just received a letter from the IRS Criminal Investigation guys. And the SEC case is finally over against ex boss Furlong (and Pietrzak who is already in deep doodoo w/the IRS....)
Why, atlanta? He's right. NMC IS a scam, and a blatant one at that. I've called other companies, assayers, refiners, geologists. They've all laughed when told the company claims.
In reply to your other post, I agree, the IRS is mostly after Furlong, but the company/other officers could and probably will be culpable as well. And, if you read their request, it mostly mentions NMC.
Well, it's 100 times more than she'd ever had to say about NMCX....her other stock, a definite scam......I've been reading this board a bit of late.....what a story. Obviously with Janet and Jim on board, there's good reasons.
Well, the IRS now has sent letters to shareholders from their Criminal Investigation division. Read samplescave's post. It includes the letter and his answers. No doubt, NMC will suffer, hopefully be shut down....they're after more than Furlong for sure.
Here's some of what Samples didn't post:
Letterhead:
Dept. of Treasury
Internal Revenue Service
Washington, DC
Criminal Investigation Division
and return envelope address of:
Internal Revenue Service
200 S. Virginia St.
Reno, NV
The letter is signed by Mark Jensen, Special Agent w/ Reno tel. no.
You just don't get it....sorry about the dim bulbs you have...
The IRS doesn't care about shareholders gains or losses, they are gathering evidence against the company, primarily Furlong.
And the letter is legit.
Gawd, you are a bore...but a hoot.....
So why doesn't the company sue me? Hilarious. Used to get warnings from the lemmings like angiesback, and faith4more.....blablabla.
The IRS is only after info from shareholders as pertains to NMC wrongdoings....
The reason there aren't many Pf shares left is most of them were converted to common, and sold, by Furlong the scumbag. Company did manage to recover some, and get some $ back from him, supposedly. But thre's still 900% more 0/s than 3 years ago. That is criminal....
I'm tiring of reading your illogical and tired nonsense.
Geesh, feel like I'm talkin' to a brick wall...
Furlong is obviously the one responsible for most/all of the share increase...and Sheppard has to take responsibility.
There are no MM games with this stock, or shorting, ever...
It is/was HCCA, Furlong, and NMC that are inane in calling the tailings "ore concentrates" You do know who put it there, what they did with it, and what they got out of it, do you not? And how long the pits have been there, mostly untouched? And how much Au was recovered?
If they are concentrates, I wonder where the other processed material went?
This is a scam, period.
The dirt is not complex. It's simply tailings from an alluvial placer mining operation....that had precious little gold...and no pgm's when first mined.
That balance sheet value is bogus, and you know it. The courts found HCCA to be virtually worthless...and NMC is claiming the same dirt to be worth a small fortune. Poppycock.
Read this on assaying: http://www.mineralprospector.com/html/assay_techniques.html
an excerpt:
Fire assay techniques are the most accurate way of determining gold and silver content in mineral samples. Proponents of an “ore deposit” may insist that their particular gold deposit cannot be accurately assayed using fire assay techniques but this is an indication of a scam rather than unusual mineralogy.
Another link, which also describes ICP, which is the same as Jordan used. http://www.midwestrefineries.com/refiningandassaying.htm
Sorry, but the fire assay method is the best for pgm's....
..of which NMC has none. and can be done cheaply, to wit: http://www.butlerlab.com/
Diversified's work was a joke, and was done in NMC's lab, which negated any credibility they could have had.
oops... .com
MM's have ZERO interest (nor do they make a market, or hold street shares) in illiquid grey sheet garbage that trades at the bottom.....with no bid/ask....
Wow,a whopping $300 worth...
I can see someone wanting to sell...but who would buy this POS....?
OT, samples, haven't seen you at NMC for a while....wonder if you could email me....
try
ron barnes 21 at yahoo......
interesting development at PP board....that I think you oughta know about...don't know if you can access it...
or join this inactive board and pm me there, http://www.mickyd12203.proboards78.com/
Yup, and the truth is, they have no pgm's.....
Some of what golddust found was sent to him by Mike Rice, you've read the documents.
Don't worry, Phelp Dodge has no interest in an obscure pile of mined over tailings.
OT: If you're in Atlanta, I know an arborist there....PM me your info...I'm not a paying member.
Actually, the preponderance of evidence shows that the dirt is...
...still dirt....
No reason for that to change....think of it this way, if there really was some significant value there, the mining world would be beating down their door to get at it.
Hasn't happened. Why? Because no tailings pile in history has shown to be worth more than a few $ per ton.
It's the same dirt, atlanta, you know that.....
......and still virtually worthless.
Jordan, the alchemist, is dead. And even he wasn't capable of transmuting elements.....
Tell that to the SEC and the court.....maybe they'll change their verdict.....
...or not.
Interesting that NMC has sold many times more shares into the market than did HCCA......most of them since your good buddy Shepp took over at the helm
Thanks for posting that great post of albacora. Here's another excellent post:
Posted by: samplescave
In reply to: None Date:10/7/2007 7:42:57 PM
Post #of 2061
If NMCX had PGM's...
Why are they only promoting the selling of shares?
Why haven't they ever sold an ounce of PGMs?
Why don't they process the reserves themselves?
Why don't they buy back their shares?
Why are they on the Gray Sheets?
Why is there a Skull and Cross Bones warning on PinkSheets?
Why were Mike Pietrzak and Maurice Furlong busted for Securities Fraud over the "SAME PROPERTY", "SAME COMPANY"(different name) and the "SAME SCAM" as NMCX?
Why does NMCX have Stock Promoters like Charlie Hunt?
Why did Mike Sheppard allow the selling of Discounted NMCX Shares through Maurice Furlong and Charlie Hunt?
Why did Charlie Hunt gift Andy Hill NMCX Shares to promote NMCX?
...AND LASTLY...
If NMCX were so Great, why is the PPS only .0061 and falling?
Dead wrong. The testing ONLY determined the depth of the pits. PERIOD!!! Please don't alter the facts.
I assume you know how the material got there.....and it is NOT concentrates, black sands, whatever. It is waste ore, (tailings)left over from a mining operation that only recovered 2500 or so ounces. Pitiful. And deceptive that NMC and HCCA have insisted on calling the dirt "ore concentrates".
The court wasn't fooled.
What's the deal, investorvest? I have never called you a name, that I know of......but you did call albacora a slimeball, did you not?
But you need to get your facts straight. The fact they they shot some seismic on the dirt pits is meaningless, as all that was did was determine the appx pit dimensions.
Also, there is NO ONE on the BOD that is a mining professional of any kind, period.
Oh, and what "audited valuation"??? You really should come up with some new material.
And, while I'm on a roll, you'll be waiting for a long long time for them to find anything at the other properties, as they have no money to explore, and no geologist, mining engineers, etc etc....
Truthseeker activities have no effect on this stock. There's but a few of us, and over 10,000 suckers "invested" in it. Its price reflects what the market thinks it's worth....which is a lot more than its real value. The only real reason it's trading as high as it is is due to the myriad suckers that refuse to admit they've been scammed.
hey, investorvest, that's a TOU infraction. You know better than to call alba that!
Alba plainly stated that he doesn't care about other shareholders, he just wants the perpetators of this scam to be held accountable. There's no reason for him to spend any $ to have this happen.....as usual, you make baseless allegations.
The only one I know who spent anything to help expose this scam was golddust, who paid Az for numerous documents, which I later helped get put up on the web.
Fine.....I was trying to set samples straight. The other alias's I was referring to were used on other boards. I wasn't attacking i'vest. He means well, but is deluded, imo.
BlaBlaBlahhh.....NONE of the NMC directors know squat about mining....nor does the affinity swindler.
They have no ore...it is tailings...and their feeble attempts to claim otherwise are laughable at best.
This SCAM is going down!!
They had 14 days from the 14th to file their 10-Q. Maybe they filed it.
They don't claim to be mining.... they did say that they produced a bunch of dore bars, some years back....but those could have have been faked, or are mostly iron....
Rumor is that there was (or is) a drill rig on site.....for core sampling of the now (compressed into rock,lol?) dirt....
ummm, atlanta, I've never bought this stock.....only want the truth to be known.
Don't trust Sheppard, Magee, or any of the new staff. They know nothing of mining, and were easily roped in to this story.
All you need to know is that it is the SAME nearly valueless dirt. NO Valid assays have been done, or will ever be done, to prove differently. IMO....but I'm convinced that statement will never be proven wrong
Your assumption is wrong. It is just dirt. Ask yourself, if it was as rich as they've said, why did not the PM world take notice? Why did they not process and sell it? It is supposedly concentrates, which would be a breeze to process?
Answer, it is dirt.
As far as Sheppard and the other new guys, they are very very naive...and know nothing of mining. As well, Sheppard's background is not as clean as has been portrayed. He is just as slimy as the rest of them, imo. Didn't know what he was getting himself into, and now, doesn't know how to extricate himself....
Also, who was at the helm when the massive dilution and unauthorized selling occurred? Sure, maybe Furlong fooled him, but he was the CEO, right...and should be held responsible.