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Friday, January 07, 2005 3:07:29 PM
Form 8-K for US GLOBAL NANOSPACE INC
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7-Jan-2005
Other Events
ITEM 8.01 OTHER EVENTS.
On January 3, 2005, we received a "Wells Notice" from the staff of the U.S. Securities and Exchange Commission (the "SEC") in connection with the previously announced SEC informal inquiry regarding certain prior public statements made by us.
The "Wells Notice" notifies us that the SEC staff intends to recommend that the SEC bring a civil action against us for alleged violations of U.S. securities laws. Under the SEC's procedures, we can avail ourselves of the opportunity to make a "Wells Submission" and respond to the SEC staff before it makes a formal recommendation to the SEC regarding whether any action should be brought against us. We intend to respond promptly to the SEC staff.
We continue to cooperate with the SEC in its investigation into these matters.
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