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Re: Rocky- post# 38468

Wednesday, 01/29/2014 2:41:28 AM

Wednesday, January 29, 2014 2:41:28 AM

Post# of 38585
*************FROM THE CROOKS WEBSITE:***********

One shark is the Securities & Exchange Commission, and I've learned the hard way that it's quite difficult to avoid being eaten alive!

After raising millions and taking a company public, I found myself in a situation where government policies and neglect resulted in our stock being naked-shorted regularly by ruthless market-makers. Over a period of years, our stock price dropped from $7.44 down to $0.00001 per share. My company, Left Behind Games quickly became a leading publisher of video games based upon non-doctrinal Bible stories - and it was founded to create healthy alternatives in a game industry that creates so much violence. In 2011, we released seven (7) of the highest quality games ever released in this new video games market niche. But then the reality of government regulation came into the picture. On October 11, 2011, we properly filed a $10,000,000 financing deal with the Securities and Exchange Commission ("SEC"). But shortly thereafter, FINRA declined our corporate actions which prevented the financing.

The SEC's record on catching bad guys has been tarnished (i.e. Madoff, Enron, etc.) and as a result, the SEC has used these failures to hire more attorneys and conduct more investigations. Their increased budget is now 444% higher than it was 15 years ago. In that same time, through over burdensome regulations and lawsuits, approximately 47% of America's public companies no longer exist (source: World Federation of Exchanges). The regulatory environment has become so bad that even Michael Dell of Dell Computers wants to take his company private.

On July 24, 2013, I filed a law suit against the SEC for their neglect and failure to protect the trading of the company's stock (Here is the Complaint Document). They outright ignored evidence I had of certain parties trading our stock illegally. I found out very quickly that I had no claim - as our government enjoys broad immunity in the court system.

Exactly 2 months to the day after I filed my lawsuit against the SEC, the SEC filed a “civil” complaint of its own against me. They spent 2.5 years privately investigating me and the company. I settled the case quickly, of course. In accordance with my settlement agreement, I cannot admit or deny their allegations. It appears that I was given bad advice from the company's then attorney and auditor. The SEC knows this, because I gave them more than 100,000 documents and emails during their "private" investigation - which occurs often for regulated public companies. In my settlement agreement, I have agreed to no longer be an officer or director of a public company, among other things. And this happened after I had been working for nearly 2 years without any compensation - resulting in my personal bankruptcy in 2012. But that's not the end...read on.

On January 13, 2014, the SEC’s administrative proceeding judge made an initial decision to deregister the company’s stock as a result of the company’s inability to keep up with its required quarterly and annual filings. The end result for me is that my life’s savings and investment of time to build the company has come to an apparent end.

As an "Entrepreneur of the Year" award recipient, I am not easily swayed from setting goals and working hard to reach them. In fact, Left Behind Games was the first company I started with investor money. Every other business I had created beforehand was profitable in its first 90 days. So with my eyes on the future, I have started working on a new inspirational game product with the hopes to continue to make a difference. Although I have no legal obligation to do so, and can make no guarantees about results, I do intend to issue 20% of my new company's stock to former Left Behind Games' investors. They funded my entrepreneurial dream to make inspirational games, and now that I am continuing without regulatory hurdles, I want them to have an opportunity to benefit with me. For shareholders who would like more information, please send an email to troy@troylyndon.com.

For those interested to see how frequently the SEC files lawsuits against CEO's, attorneys, investors and others, go to: http://www.sec.gov/litigation/litreleases.shtml. It's hard to imagine that the SEC has an actual quota in filing these lawsuits, so I presume their regularity and frequency is only a coincidence.

Despite this setback, I am moving forward and want to thank everyone who has supported me.
Very truly yours,
Troy Lyndon
Entrepreneur & Business Coach
Chief Executive Officer, Inspired Games LLC
Former Chairman & CEO of Left Behind Games Inc.
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