DD Support Board and Research Team

[shajandr]

"..would it be adequate to provide the proper University in subsequent filings without acknowledging the prior misstatements?"

Adequate for WHAT?

As a defense against a shareholder suit claiming damages because of this misrepresentation? Good luck proving those.

Or did you have something else in mind?

SEC won't suspend or even pursue civil actions for that misleading backgrounder. Simply doesn't ride to the level of materiality in an average investor making an investment decision.

If the guy was claiming to be a Ph.D. Nuclear Physicist with postdocs at Argonne and Princeton and the company was based on his claim to have made a stunning cold fusion breakthrough, then yeah the educational misrepresentation could be deemed material and even criminally fraudulent.

But in this particular case, I don't see it leading to any serious problem.

Butt I have an open mind on it - just tell me "adequate" for WHAT specific requirement and what specific liability are you concerned about?