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Re: ColeThornton post# 93404

Wednesday, 11/07/2007 11:38:08 PM

Wednesday, November 07, 2007 11:38:08 PM

Post# of 157300
Yes it is a very serious matter Cole, with very real and potentially damaging consequences to GTEM, depending on what is found in the investigation. If fraud were to be found, there could be possible criminal charges, or at the discretion of the insurer, as I previously stated, they could file civil lawsuits against GTEM, under the federal Racketeering Influenced and Corrupt Organizations Act (RICO). If the lawyers are correct in their presumptions, it could further damage GTEM relationship with the SEC, in my opinion.

We shall see.




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