Replies to post #41565 on ProText Mobility Inc (TXTM)

[BigBadWolf]

sadly as deceitful & a liar as DL is NO stock under a dollar is afforded any protection from said as per legal rules & regulations governing the use of the Safe Harbor Statement. but then again having electronic paper trails & associations out there (known & provable) w/ any who have been barred by the SEC in participating in any form or means in the OTC market place has not stopped Dave Lewis from facilitating the breaking laws by doing so ;-)

$$TXTM #judgementshares #unioncapitol #Traveller

Illegal distribution: SEC v. Lefkowitz, Civil Action No. 8:12-cv-1210 (M.D. Fla.) is a previously filed action against, among others, Unico, Inc., Mark Lopez, Steven Peacock and Shane Traveller. The complaint alleged that the defendants engaged in the unregistered distribution of billions of shares of penny stocks through the repeated misuse of the exemption from registration contained in Section 3(a)(10) which permits a public company to issue common stock to public investors without a registration statement to settle bona fide debts and other claims. ……. and Mr. Traveller agreed to the entry of a penny stock bar and will pay disgorgement of $169,369 and a civil penalty of $52,000. See Lit. Rel 2206 (February 24, 2015).

The bar prohibits owning a penny stock even for one’s own account as well as any activity related to an offering of a penny stock, including drafting disclosures. The impact of a Penny Stock Bar is that he individual is barred from acting as a promoter, finder, consultant or agent or otherwise engaging in activities with a broker, dealer, or issuer for the purpose of the issuance or trading in any penny stock, or inducing or attempting to induce the purchase or sale of any penny stock.