Replies to post #40782 on Zicix Corp (ZICX)

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SEC CHARGES INVESTMENT FIRM WITH ILLEGALLY DUMPING BILLIONS OF PENNY STOCK SHARES

LITIGATION RELEASE NO. 21798 / January 6, 2011

Securities and Exchange Commission v. Gendarme Capital Corp., et al., Case No. 2:11-cv-00053-FCD-KJN (E.D. CA filed January 6, 2011)

SEC CHARGES INVESTMENT FIRM WITH ILLEGALLY DUMPING BILLIONS OF PENNY STOCK SHARES

The Securities and Exchange Commission today charged Gendarme Capital Corporation (“Gendarme”) and its two executives with engaging in an illegal stock distribution scheme.

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24. From early 2008 to at least May 2010, Gendarme bought stock from at least 12 different issuing companies and distributed more than 15 billion shares in the public markets. None of the transactions was registered with the Commission. The transactions are summarized below.

e. Bederra Corp. (“BEDA”): From May 2009 to March 2010, Gendarme acquired BEDA shares from the issuer. Through April 2010, Gendarme sold more than 370 million of these BEDA shares for more than $610,000.