Wouldn't the settlement have simply been to accept the SEC decision to revoke the shares, with out further legal costs? SIOR had no money. And could not print new shares for sale to raise cash legally iirc. They were at risk, I think of loosing the leases, and SE brought in a group to save the leases, was my understanding.
But I got put out in the cold and was not part of the private Gusher group.
All of my posts are strictly opinions and should not be considered to be facts, or investment advise. They are for entertainment purposes only.