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starfire

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starfire

Re: alien42 post# 343221

Friday, 02/28/2014 11:49:10 PM

Friday, February 28, 2014 11:49:10 PM

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Michael Metter did not plead guilty to Securities fraud, that is false. He got away with $100 fine for lying about his compensation. Steve pleaded guilty to Securities fraud but that means a whole gamut of things. His pleadings are sealed. So no one but himself and the DOJ/SEC know what the specifics are. Selling unregistered shares under Regulation D is not a fraud. The company and officers did not do anything wrong as Reg D papers have been filed with the SEC.
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