So what exactly did the SEC accomplish after 2 years of fine work?
1. They grabbed shareholders...traders and investors alike,...by the neck and squeezed them until they were blue and then let them go after ten days, barely breathing and nearly dead.
2. They prevented RPH from becoming CEO for 7 years. Useless since he has no desire to be CEO anyways.
3. They got a judgement against him which he cannot ever pay.
4. They got a judgement against CSHD, which cannot pay. Another kick in the nuts from the SEC.
5. They determined that they could not determine that RPH profited in any way. Only that they thought he might at some point...maybe.
6. They determined that RPH relatives converted unrestricted Wattle shares into CSHD, as they had a right to do, and sold some of them. Just a few. Brokers stopped them? There is more to that than meets the I'm sure. This is the dump? Are you kidding me?
7. They could not determine who the CEO was.
8. UCC note was bogus. No mention of any of the other bonds. hmmmm. Nice work.
SEC could have slapped those sanctions on RPH and CSHD unilaterally...why the court side show? Why 2 years to get 'er done?...time enough to whitewash the real crimes I expect.
I'm not impressed. No shareholder would be.
BCIT? Preventing it from unfreez-... what? In your dreams canteen boy. - clarity Oct 22, 2008
