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Friday, April 06, 2007 4:15:52 PM
In particular, and without limitation to other matters, USSE has determined that ONYI has not complied with applicable reporting obligations of the United States Securities and Exchange Commission in connection with numerous prior transactions and that there are material misstatements and omissions in such filings. As a consequence, ONYI's reporting obligations under applicable securities laws and the Sarbanes-Oxley Act's requirements have failed and may lead ONYI to potential liability to shareholders and regulators for such violations. As a consequence, USSE terminated the Agreement ab initio.
Why me!
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