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IHDR

05/31/06 2:44 PM

#11521 RE: ekythump #11520

I think you will do extremely well and congrats ......

"I believed you. That's why I quintupled my position at $0.195/0.19. Not quite the $0.185 I could have gotten, but people who say they always buy and sell on the lows/highs are liars."
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pugdog

05/31/06 2:52 PM

#11527 RE: ekythump #11520

http://www.boston.com/business/articles/2006/02/09/knight_capital_unit_looks_to_settle_probe/

Knight Capital unit looks to settle probe
February 9, 2006

WASHINGTON --The asset management unit of Knight Capital Group Inc. said Thursday it has submitted a proposal to settle a Securities and Exchange Commission investigation into certain trading activity associated with private investments in public equities, or PIPEs.

Under the terms of the proposal, the unit -- Deephaven Capital Management LLC -- would disgorge roughly $2.7 million, pay $343,000 in prejudgment interest and pay a civil penalty of around $2.7 million.

The settlement offer, if approved by the SEC, would involve the filing by the SEC of a civil complaint in federal district court, in which it would be alleged that Deephaven traded in possession of material nonpublic information concerning 19 PIPEs offerings.

Under the terms of the proposal, Minnetonka, Minn.-based Deephaven said it will neither admit nor deny any violations, and will consent to a permanent injunction against violating anti-fraud provisions of the securities laws.

The settlement offer, if approved by the SEC, would resolve issues raised in a Wells notice last June from SEC staff related to the alleged violations of anti-fraud provisions of federal securities laws. The offer, however, doesn't address the Wells notice received by a former Deephaven employee, who also was subject to the violations.

"We believe that reaching a settlement at this time, as opposed to pursuing lengthy and expensive litigation, is in the best interests of the firm and our clients," Deephaven Chief Executive and Chief Investment Officer Colin Smith said in a letter to investors included in the filing.

Asset management firm Knight Capital is based in Jersey City, N.J.