freefallindz: You really don't know? That's pretty funny, particularly if you own this stock.
RA, Gunderson, USXP, all found guilty of charges contained in a Partial Summary Judgement, with additional charges to follow (SEC wants to have the additional charges handled by another Summary Judgement, while RA is fighting to have them handled by a jury trial).
RA barred for ever serving as a director or officer of any publicly traded company again, as well as being barred from having anything to do with pennystock offerings.
Gunderson also barred from having anything to do with pennystock offerings, and he has been suspended at least temporarily from acting as an attorney in any SEC action.
USXP fined about 21M, RA fined about 3M, Gunderson fined about 1M.
All of the above are on hold pending the results of appeal being filed (appeal filing process just started last week).
