At the cost of being the boards poster child I would like to point out a couple of things in the SEC announcement. First you notice the least talked about company is EESO. It does't mentioned any specific amount of stock or gains that Jared was involved in or amount of shares. I know that it is common for insiders to take aged debt 2 years of age and have them turned into free trading shares. Which last I knew was legal as long as there was proof of the age of the debt and that nobody would be acquiring over 9.9 percent of the company. It is clear that the other companies violated the 10 percent rule, which made them instantly affilates of the company and would have placed restrictions on the stock and taken them back out of the market. It is possible that Jared was funding the company by trading free trading shares for cash to pay bills or promotion etc. The most important thing in the release is the fact that it is not alledging fraud or actually scamming, it is alleging improper sale of restricted securities. This is usually remedied with a cease order from the SEC. I don't think after the dust settles much will happen to Jared or EESO for these adminstrative violations. I don't hold a position in this stock but I think I will see if it falls much lower on Monday and then weigh my chances as to what the details are forthcoming from Jared. Don't know the man and don't care what the details are except whether there is any life left in this stock after I buy some. bashers get to work for me will ya.
News 
Market Data 
Discover 
