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roiresearch

06/28/10 5:03 PM

#26768 RE: roiresearch #26767

Assuming the pending settlements against the two Canadians and Mr. Mattera are approved, there will not be a hearing in the case. The SEC won a default judgment against the only other defendant, Mr. Arnold, because he failed to file an answer to the suit. The judge banned him from penny stocks for life, and invited the SEC to make submissions on an appropriate civil penalty.

http://www.stockwatch.com/newsit/newsit_newsit.aspx?bid=Z-C%3A*SEC-1732014&symbol=*SEC®ion=C