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Re: beenhadbefore post# 25085

Friday, 05/04/2012 12:13:26 AM

Friday, May 04, 2012 12:13:26 AM

Post# of 221913
Since Stephen M. Kerr’s background is in mergers, acquisitions and taking companies public. It would seem his involvement is more than just a mere Bridge lender and most probably a role of an affiliate with reporting requirements to follow under Rule 144/145. Being that, his daughter was at one time President, Secretary, Treasurer and Principal Financial Officer and now still remains one of the Registrant's Board of Directors. Plus, from research on Mr. Kerr he doesn’t believe in filing anything in his name and does not play by any required rules according to the indictment. The only reason he was caught on anything was ONLY because of the UBS off shore accounts and the IRS. Nothing really mentioned of how the stock moved from the issuers to the entities he controlled. It was just issued an then vanished without a single share with his name in it, not one single 144 or 145 filing, amazing don’t you think? How could anyone ever know how much stock he controls if the issuers look the other way, the opinion letters of the attorney (rule 144/145) are nonexistent and the transfer agent is intoxicated? If you try to figure out a single filing when Mr. Kerr sold under rule 144 or 145 good luck, it doesn’t exist. He’s a true master of deception. One would think public companies would be very transparent on these issues for the benefit of the stockholders. Unless, the company was created for this very purpose with all the parties involved!

This seems to be exactly (in a nut shell) what’s going on at SEFE INC with the stock that is being issued legend free.
U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 22352 / May 1, 2012
SEC v. Christel S. Scucci, et al., Case No. 6:12-646-ORL-37-KRS (M.D. Fla.)
http://www.sec.gov/litigation/litreleases/2012/lr22352.htm
SEC CHARGES ATTORNEY AND CLIENTS IN SCHEME TO UNLAWFULLY SELL BILLIONS OF PENNY-STOCK SHARES

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