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Friday, March 04, 2016 2:42:45 PM
General opinions as follows:
o SEC would not proceed with filings/actions against penny-stock unless outcome very deterministic, if SEC had not taken action they could potentially be found to be negligent in meeting fundamental responsibilities to the public
o Past SEC actions filed against similar company individuals resulted in substantiating the requests to cease & desist
o Given multiple occurrences and failure to comply with underlying intent of previous cease & desist, current remediation/penalties will be far more severe than previous penalties
o Highest positive outcome for product innovation would be the company assets/IP will be forced sold to company like Boot's to take product line and benefit to public forward.
o Any benefit to investor will likely be similar to Bankruptcy proceedings
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