Monday, September 24, 2018 2:10:01 PM
I have read both documents in their entirety. Nowhere in either document do I see conclusions and or determinations by the presiding Judge. What I see in these documents are a series of allegations.
Document #1 response by the S.E.C.
INFORMATION BEFORE THE COMMISSION
AT THE TIME OF THE TRADING SUSPENSION
Pursuant to the Commission's Order Requesting Additional Written Submissions regarding In the Matter of EFUEL EFN CORP.
Document #1 is simply the SEC's response to a request for additional information requested by the Judge.
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Document #2: Administrative Proceeding File No. 3-18420 DIVISION OF ENFORCEMENT'S OPENING BRIEF emphasis added.
Document #2 is simply an opening statement by the SEC; nothing more.
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I agree with your statement that these Documents are the reason why the share price is where it is today. But nowhere does it state that the information as presented in Documents #1 and #2 has been adjudicated. (That means decided by a Judge). As unfair as it is, the general public's opinion of charges against a Company is, Guilty until proven innocent."
Footnote: There is no mention of any "Prior Bad Acts" in the SEC Statements. They would be prohibited according to FRE Rule 404 et seq.
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