Endurance Exploration Group Inc (EXPL)

[hedge_fun]

He was NOT charged on 14 counts. The…..,

only person charged on 14 counts was David Lopez and the jury completely exonerated him.

It’s was a civil matter, so the bar is very low and the SEC failed to prove their case alleging aiding and abetting.

The one remaining count has to do with “omissions” in a 211 filing. The alleged omitted information would have never been seen by the public in the Form 211, but was available on the SEC’s website.

It’s a paperwork error at worst, and hopefully the 11th Circuit sees it wasn’t a 10b violation, nor could it be.

https://nclalegal.org/wp-content/uploads/2021/07/SEC-v.-Spartan.-Verdict.pdf

https://nclalegal.org/wp-content/uploads/2023/04/Doc.-41-Appellants-Reply-Brief.pdf