Endurance Exploration Group Inc (EXPL)

[Seriously123]

Uh oh.....

Did anyone read this? It's from the endurance reports.


In a complaint filed by the SEC for 23 counts of securities fraud on page 9 paragraph 26 it references someone with initials first and last initials of M.E. Does anyone know who that is?


Isn't the CEO of endurance intials M.E.??

Will the company tell us that the CEO may be involved in a investigation? Will it HAVE "adverse effects on the company"?

Is that why?..........


NO ONE IS BUYING



ITEM 1. LEGAL PROCEEDINGS

We are not a party to any legal proceedings, and we are not aware of any legal proceedings contemplated by any governmental authority against us.  However, from time to time, certain officers, directors or control persons, are subject to regulatory audits, investigations or subpoenas by the Securities Exchange Commission (“SEC”) and/or the Financial Regulatory Authority (“FINRA”) as a result of their positions as registered investment professionals and/or as officers or control persons of registered SEC transfer agencies.  These audits, investigations or subpoenas may have an adverse effect on the Company if these officers, directors or control persons must dedicate substantial time and effort in their response to the regulatory authorities or if these regulatory inquiries result in sanctions or fines.