ProText Mobility Inc (TXTM)

[curious891]

Here's what I was referring too all along. Duffield had to clear up (or pay up) his judgement from the SEC. 1 year later he has agreed to pay but the information doesn't have a schedule for when and how much will be paid and on what date. It could be all at once or on a payment schedule.

The original schedule issued had all penalties paid by spring or summer. I wondered if this was a wrench in the time line. Which is why I always thought October to be a date to know something. See below.

My apologies for saying FTC on a earlier post.

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The U.S. SEC reported Sept. 23 that Plandai Biotechnology Inc., a New York-based penny stock company, and Roger Duffield, Plandai’s chairman and CEO, have agreed to pay $200,000 and $20,000, respectively, in civil penalties as part of final consent judgments resulting from a stock offering scheme.

Plandai, through Duffield, made unregistered offers and sales of its common stock to at least two unaccredited and unsophisticated investors, the SEC alleged, and then failed to adequately disclose that proceeds from the stock sales went to a private company Duffield owned.

The complaint also alleged that Plandai made misleading statements about stock sales in its annual report and failed to accurately record the transactions in its books and records due to insufficient internal accounting controls.

While Plandai and Duffield agreed to the judgments, they didn’t admit or deny the SEC’s allegations.