Urban Television Network Corp. (URBT)

[JeffTee]

Joseph Collins - after the following language - if you sell stock in California in violation of the law, you will likely suffer dire consequences such as jail if convicted. And the language covers any investment contracts not limited only to Punch TV.

From the California Dept of Business Oversight consent order:

2. Desist and Refrain Order for Violations of Section 25110. Pursuant to section 25532 of the Corporations Code, Punch TV Studios, Inc. and Joseph Edward Collins, Jr. are ordered to desist
and refrain from the further offer and sale of securities in California, in violation of Corporations Code section 25110, including but not limited to investment contracts in Punch TV, unless and until qualification has been made under the law or unless exempt

Joseph Collins misrepresentations and I believe fraud over uninformed people will be much harder to accomplish now with potential further prosecution if he does this again in California and other states.

It also seems the investigation by the SEC against Punch TV's auditor and potentially Collins is continuing.