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Re: gnolfinvestor post# 9840

Tuesday, 06/15/2010 2:04:51 PM

Tuesday, June 15, 2010 2:04:51 PM

Post# of 19697
The documents showing all the arguments against lifting the stay by the DTC on IPWG's website.
AND
The SEC is the one that denied lifting the stay!

"In its ruling, the SEC denied the requested stay of the chill pending the decision of the SEC on the legality of the DTC's actions that are currently presented in the administrative appeal. As such, the DTC chill shall remain in place. The SEC found that IPWG did not present sufficient evidence to prove that IPWG or its shareholders have suffered "irreparable harm" by DTC's actions and that the chill did not appear to "negatively affect the efficiency of the market in IPWG shares".

If the SEC is standing behind IPWG on this, as you say, that sure is a funny way of showing it..