SkyWay Communications (fka SWYC)

[Our-Street]

SEC finally acts against SWYC and Kovars and Kent et al

In the "better late then never" category, it's nice to see that the SEC finally filed suit against Brent Kovar and his posse.

http://www.sec.gov/litigation/litreleases/2009/lr20960.htm

Why it takes the SEC 4 years to finally file suit on something as blatant as this is anyone's guess but I will go with misplaced priorities bundled with incompetence.

I am, however, gratified to have been the primary source for exposing this particular scam to the public and to have filed a very extensive complaint with the SEC back when they were pumping the stock hard.

My report stopped the pump and dump at the time and, based upon what I read in the complaint, much of the evidence I provided the SEC was used in formulating the complaint.

I wonder what Brent, his mom and dad and that kent guy are up to these days.