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Re: fung_derf post# 9314

Sunday, 07/13/2003 5:26:04 PM

Sunday, July 13, 2003 5:26:04 PM

Post# of 32426
He's never made any sense. All that stuff about how he "studied" SEC cases is rubbish. The story with this type of case is nearly always the same: the SEC brings suit and then offers a settlement. About half the time the defendants settle immediately. About half the time they don't, though they usually get round to it in the end. It can take up to several years, depending on when the trial is scheduled.

These cases rarely go to trial; AZNT was an exception.

As for PCBM, it's quite obvious that a settlement was offered and rejected. Contrary to what Hooch believes, nothing regarding discovery will appear on the docket unless a question arises that has to be ruled on by the judge.

But...what on earth does he mean by this?

#2 The FBI meeting with the SEC in regards to PCBM and then total silence in the matter.( I filed the complaint, I know :)) )

He strikes me as being yet another True Long who likes to pretend he knows things that others don't.

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