Telynx (fka TLYN)

[DueDillinger]

Inquiry? The SEC filed suit against Acs and Penny King Holdings Inc. The court has already granted a default judgement against the corporation and the SEC has filed a motion for a summary judgement against Acs. I expect it will be granted. That will get him a hefty fine, and a penny stock bar. He probably can't afford a fine.

IMO, his failed play with TLXX is going to get him some time away from honest citizens and he can work on the sequel to his 'Confessions of a Sex Crazed Moneyman'.

I still want to know how Miller and the other board members were elected. I suspect they were 'placed' by Acs and it's completely possible that there is NO legitimate board of directors here at all. In such an event, I think the company gets an interim board appointed by the Chancery Court in Delaware, until a proper election can be held.