InvestorsHub Logo
Followers 29
Posts 4590
Boards Moderated 0
Alias Born 03/05/2007

Re: Gooeyduck post# 171958

Wednesday, 03/21/2012 11:28:19 AM

Wednesday, March 21, 2012 11:28:19 AM

Post# of 312015
You are right Gooey, they probably will settle

And the settlement terms will likely be disgorgement of the $9 million +- in pipe financing, plus a civil fine of $9 million +-, plus pre-judgement interest, probably in the neighborhood of about $200K+-, an injunction barring all defendants from future violations of security laws, and a 5-10 year public company director ban against JB & RB. That's a pretty standard settlement in this kind of thing.