Tuesday, October 02, 2012 11:35:43 PM
in a previous response there do seem to be exceptions to each "punishment"....
Now this judgement is just between the SEC and Wilf/Lindale. None of the other guys are included. I think I read that the Dotson guy filed a motion for a jury trial. It appears Wilf approached the SEC to settle on his own which would explain the 'settlement' talk a few months before this was issued.
This seems to make clear that Wilf alone is responsible for paying the fine. But then you have to wonder what these other guys would be on the hook for.
As far as the penny stock activity, perhaps DB is "grandfathered' in with the judgement. Maybe there can be no more future penny stocks he can issue. But DB is OK, again I don't know. But I'm pretty sure when Wilf approached them about the settlement, the number one thing was for DB to continue.
As far as the restrictions, if you read the judgement every restriction seems to have exceptions and workarounds. I don't claim to understand any of them - but it does look like there are some "you can't do this - UNLESS" thrown in there.
That's all I got right now. Hope this leads to an ongoing, intelligent discussion.
Just Your Guesser - Director Nebula
"An error does not become truth by reason of multiplied propagation, nor does truth become error because nobody sees it."
--- Gandhi
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