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Tuesday, August 20, 2013 6:28:16 PM
The SEC is more than likely aware of the Company's admission to misrepresenting previous funding and investments. It would not surprise me to learn that they are aware of excessive dilution likely to the directors and close associates of the directors. The SEC is also likely aware of the issue of poor corporate governance regarding the absence of shareholder meetings.
These alone are serious concerns for the SEC warranting a prolonged cease trading order.
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