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Re: nebula2012 post# 30508

Wednesday, 10/03/2012 10:17:00 AM

Wednesday, October 03, 2012 10:17:00 AM

Post# of 41960
Hi Nebula,

In my opinion:

It's my guess that Wilf would be barred from participating in stock activities involving Deep Blue as the judgement bars him from involvement with "any penny stock" with the exception of trading his own personal account.

As for the rest of the restrictions/exemptions, they appear to me to be mostly a matter of record keeping to essentially document what the SEC finds Wilf at fault for. It's like stating someone is restricted from intentionally taking the life of another person unless it's in self defense. It's not a new restriction that only applies to the individual. It's, "Here is the law that already exists for everyone, don't break it again in the future."

The fact that Wilf settled, rather than going to trial, is a likely reason for the restrictions not being more in line with what scambuster expects. Likewise, the possibility that Wilf would be barred from participating in any capacity with Deep Blue was likely a contributing factor in his settling.

Again, this is just my opinion, especially that last paragraph.