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rwehapi2003

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rwehapi2003

Re: mide post# 121287

Saturday, 05/01/2010 7:57:46 AM

Saturday, May 01, 2010 7:57:46 AM

Post# of 157299
That's because Nosy did not post all the info:

The SEC is seeking the following:

1) Permanent injunction against Globetel against future violations. The SEC will need to convince the court that there is likelihood of future violations if GTEL is allowed to operate as a going concern.

2) Disgorgement and pre-judgement interest based on $1,553,962.21 in unregistered stock sales

3) Third-tier penalty as discussed by Nosy

At least we now have a basis for settlement discussions.
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