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Re: virginian post# 13326

Monday, 01/14/2008 2:12:29 PM

Monday, January 14, 2008 2:12:29 PM

Post# of 18151
virginian: I'm no legal eagle, but I'd have to say I have some grounds on which I can disagree with that assessment (but I really cannot agree with a belief that RA and Gundy have any chance of this happening).

USXP's guilt is based on essentially being in cahoots with RA and Gunderson. It could be that if they are eventually cleared of all charges, it could also be argued that USXP is therefore not guilty, as well.

However, there is a major problem with this argument. The three people who were buying the unregistered shares, and who were included in the SEC suit against USXP et al, have all plead guilty. As co-conspirators with USXP, in essense, USXP is still guilty.

But none of this will come to pass.

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