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Thursday, August 23, 2012 11:29:18 AM
I bet Grant Galloway was involved in that.
b4
30.Since August 2009, Defendants have engaged in similar illegal resales ofthe stock of over one hundred other companies. In the aggregate, Defendants have entered into hundreds oftransactions, involving the sale ofbillions of shares to the investing public, without a registration statement being filed or in effect and with no valid exemption from registration available for Defendants' sales of securities. The following table summarizes the transactions by Defendants in the stock acquired from just ten ofthese issuers during the two-year period August 2009 to August 2011 :
Sierra Gold Corp. SGCP
Acquisition period: 8/09-4/11
Resale period 9/09-5/11
Number of transactions: 30
Number of shares defendants illegally sold: 1.1 billion
Gross proceeds from resales: $1,713,000
Net Profits: $836,000
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