Replies to post #9754 on Obocon Inc. (OBCN)

[cjstocksup]

I am shocked at the panic induced selling on a 15 year old article that has nothing to do with CLSI being used to scare up shares lower. It is a shame. All anyone has to do here is call Liz to confirm the merger is real! I will be back in a few hours to catch up. This is crazy! Keep up the real and solid DD!

[samsamsamiam]

WHAT???? Did you read the SEC litigation and the Permanent Bar against Tony Necoechea who now uses Tony Nick on those SEC documents?

U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 19958 / January 4, 2007
SEC v. U.S. Wind Farming, Inc., et al., Case No. 05 C 4259 (N.D. Ill., filed July 25, 2005)
On December 12, 2006, the Honorable Milton I. Shadur of the United States District Court for the Northern District of Illinois, Eastern Division, entered orders of Final Judgment, by default, against Defendants Anthony M. Necoechea and 20th Century Jackson Equities, Inc.
The Commission's First Amended Complaint alleged that Necoechea participated in a scheme to evade the registration provisions of the Securities Act of 1933. Necoechea, through his company, 20th Century Jackson Equities, obtained millions of shares of U.S. Wind Farming stock in an unregistered offering with the expectation that he would sell the shares into the public market and provide Wind Farming with a portion of the proceeds of these sales. The Final Judgment permanently enjoins Necoechea and 20th Century Jackson Equities from violating Sections 5(a) and 5(c) of the Securities Act of 1933 and bars them from participating in penny stock offerings. In addition, the Court ordered that Necoechea and 20th Century Jackson Equities are jointly and severally liable for disgorgement plus prejudgment interest totaling $350,268.17, and a civil penalty of $120,000.
For further information, see Litigation Release No. 19311 (July 26, 2005), No. 19546 (January 30, 2006), No. 19802 (August 11, 2006), and No. 19886 (October 25, 2006).

[samsamsamiam]

Necoechea/SEC Bar


here's a little explanation on what that includes:

https://www.securitieslawyer101.com/2014/penny-stock-bar/


The Securities & Exchange Commission has the authorization to bar an individual from certain conduct (“SEC Bar”) under the Securities Enforcement Remedies and Penny Stock Reform Act of 1990 (the “Remedies Act”). SEC Bars are injunctions that must be granted by a court. Upon court order, SEC Bars prohibit a variety of conduct. Bars may enjoin individuals from serving as officers or directors of a public company, from involvement with penny stock issuers, and from practicing before the SEC as an attorney or accountant.
Many penny stock market participants are unclear about the wide range of activities prohibited by a penny stock bar. [color=red] 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.
Section 15(b)(6)(A)(iii) of the Exchange Act authorizes the SEC to prohibit persons from participating in an offering of penny stock also known as the “Penny Stock Bar”. Section 15(b)(6)(C) defines “person participating in an offering of penny stock” to include, among other things, any person “who engages in activities with a[n] issuer for purposes of the issuance or trading in any penny stock, or inducing or attempting to induce the purchase or sale of any penny stock.”
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https://www.securitieslawyer101.com/2014/penny-stock-bar/