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Re: mastaflash post# 153863

Wednesday, 10/31/2007 2:00:47 PM

Wednesday, October 31, 2007 2:00:47 PM

Post# of 169299
You are misinformed. You need to learn how the court system works.

Entry Default means his answer to the complaint was late!

It doesn't mean anything of the sort. It means that RPH didn't respond in a timely manner and now the court has entered the default and RPH has lost. The only thing remaining is for the court to decide on remedies which may include any of the things the SEC requested including monetary damages, a bar against serving as an office or director, or disgorgement.

There will be no jury trial nor evidentiary hearing on the facts of the case. The only hearing that might be held at this point would be one to determine penalities.

Time to accept that it is over.


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