Now Ron knows the meaning of the word malfeasance or the term fiduciary duty. Or, maybe not.
But since only shareholders got burned, he probably couldn't care less about going to the greys. SWET will carry on as a private company. For all the good it'll do him.
As discussed in more detail above, all of the Respondents are delinquent in their periodic filings with the Commission, have repeatedly failed to meet their obligations to file timely periodic reports, and failed to heed delinquency letters sent to them by the Division of Corporation Finance requesting compliance with their periodic filing obligations or, through their failure to maintain a valid address on file with the Commission as required by Commission rules, did not receive such letters.
You can lead a horse to water. But you can't make him get down on one knee and do an Al Jolson impression!
