Replies to post #178193 on Enzyme Environmental Solutions Inc (EESO)

[Long2Retire]

Judy,
I copied and pasted from another post. I’ll have to find it again.

Section E. on page 14 of the following link defines it, but it’s not the same document. http://www.sec.gov/litigation/complaints/2009/comp21224.pdf

Also see:
http://www.sec.gov/litigation/litreleases/2009/lr21224.htm
This will link you to the previous PDF.

Litigation Release No. 21231 / September 30, 2009
U.S. SECURITIES AND EXCHANGE COMMISSION
Securities and Exchange Commission v. K&L International Enterprises, Inc., et al., Case No. 6:09-CV-1638-Orl-31KRS (M.D. Fla.)
SEC OBTAINS PRELIMINARY INJUNCTIONS AGAINST STOCK DISTRIBUTORS STEPHEN CARNES, LAWRENCE POWALISZ AND OTHERS
The Securities and Exchange Commission announced today that, on September 29, the Honorable Gregory A. Presnell of the United States District Court for the Middle District of Florida entered preliminary injunction orders by consent against Stephen W. Carnes, Lawrence A. Powalisz, their companies K&L International Enterprises, Inc., Signature Leisure, Inc., and Signature Worldwide Advisors, LLC (collectively, the Stock Distributors), as well as Jared E. Hochstedler and Enzyme Environmental Solutions, Inc. (Enzyme Environmental). The orders enjoin the defendants from violating Sections 5(a) and (c) of the Securities Act of 1933 for the duration of the litigation and, with respect to the Stock Distributor Defendants, order an asset freeze and a preliminary penny stock bar. The Court had already issued a temporary restraining order on September 25.
The Commission's complaint, filed on September 24, alleges that the defendants engaged in an ongoing scheme to evade the registration provisions of the federal securities laws by selling billions of shares of stock issued by microcap companies to the investing public without adhering to the registration requirements of Section 5 of the Securities Act. According to the complaint, the scheme involved a series of transactions between the Stock Distributors and the microcap companies, including Enzyme Environmental (the Issuers), with the same essential characteristics: First, a Stock Distributor either purported to lend money to an Issuer or the Issuer identified a "debt" owed to its officer that the Issuer and officer assigned to the Stock Distributor. Second, to reduce or eliminate the loan or the assigned debt, the Issuer issued shares of its stock to the Stock Distributor. Third, before or after the stock issuances, the Stock Distributor paid the Issuer or an affiliate of the Issuer. Finally, the Stock Distributor immediately sold the shares into the public market. In two years, the Stock Distributors generated approximately $7 million in illegal profits, the complaint alleged.
In addition to the emergency relief already obtained, the Commission is seeking permanent injunctions, disgorgement of ill-gotten gains, and civil penalties against all defendants. The Commission is also seeking penny stock bars against the Stock Distributors.
The Commission acknowledges the assistance of the Financial Industry Regulatory Authority (FINRA) in the investigation of this matter.
For additional information, see Litigation Release No. 21224 (September 28, 2009).

"The Commission is also seeking penny stock bars against the Stock Distributors.", not Jared.

[judypudy]

Yes, I've seen that document the one I'm trying to locate is below that was posted that says "except". The except wording is what I am try to find concerning stock bars and transfer of Assets.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=41926664

What I'm really worried about is if those documents we both posted were altered by someone else and we both unknowly re-posted them, I like to find out. Even if nobody else has noticed them or even cares.