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Re: LexTrader post# 31672

Tuesday, 01/25/2011 9:28:57 AM

Tuesday, January 25, 2011 9:28:57 AM

Post# of 41474
LEX - the SEC complaint involving HRNF shares indicated the Gendarme action sold most/all of those shares almost immediately. Who knows how many times they have changed hands since then?

Can't clawback those shares anymore. I'm not sure that they can force HRNF to give back the $825K or so they received in consideration for those shares, unless they find culpibility and take separate action against those that made the deal for the warrants/share conversion.

Maybe Gendarme will cooperate with the SEC as the investigation continues during the SEC's civil action against them.

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