Technovative Group Inc. (fka TEHG)

[Voices of Reason]

Infinite Funding is the note holder for HORI. Infinite Funding is owned by Andrew Farmer:
http://www.sec.gov/litigation/litreleases/2013/lr22680.htm

The Securities and Exchange Commission announced today that on April 9, 2013 it filed a subpoena enforcement action in the U.S. District Court for the Northern District of Texas against Andrew Farmer and Iridium Capital, Ltd. (Iridium). According to the filing, the SEC is investigating possible market manipulation in connection with transactions in the securities of Chimera Energy Corporation (Chimera), whose shares were traded on the over-the-counter market. Pursuant to subpoenas issued in December 2012, Farmer and Iridium Capital, Ltd. were obligated to produce documents to the Commission, but have failed to do so. Accordingly, the SEC filed its Application for an Order Requiring Compliance with Administrative Subpoenas.

The SEC’s application explains that beginning in July 2012, Chimera commenced a promotional campaign that caused a dramatic increase in the trading volume and price of its stock. The SEC is investigating, among other things, whether the claims in Chimera’s press releases are materially false or misleading. On October 25, 2012, the SEC temporarily suspended trading in the securities of Chimera because of questions concerning the accuracy and adequacy of publicly disseminated information about, among other things, Chimera’s business prospects and agreements