Really? where?
Defendants Stephen Carnes and Lawrence Powalisz, in collaboration with the other defendants, are selling billions of shares ofstock in "microcap" companies to the investing public without adhering to the registration requirements of Section 5 of the Securities Act of 1933 ("Securities Act"). (Carnes, Powalisz and their companies,
Signature Leisure, Inc., Signature Worldwide, Inc. and K&L International Enterprises, Inc., are collectively referred to in this complaint as the "Stock Distributor Defendants.")
show me where CXAC is one of the DEFENDANTS.
CXAC is named as a microcap company...one of the victims of these two crooks.
The microcap companies include Defendant Enzyme Environmental
Solutions, Inc., Revenge Designs, Inc., Cross Atlantic Commodities, Inc. and Case 6:09-cv-01638-GAP-KRS Document 1 Filed 09/24/2009 Page 1 of 14 International Power Group, Ltd. (the "Issuer Companies"). The Issuer Companies each have stock listed on the "Pink Sheets" or the "Over-the-Counter" Bulletin Board. Each is controlled primarily by one person, with limited operational histories and minimal revenue.
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