No I am not saying they are correcting this issue. I am saying that we know the breaches of regulations that have taken place.
I must make it very clear here and say that in general the SEC do a reasonable job bearing in mind their resources and the level of and amount of fraud and deception that goes on.
However, in this instance something has gone wrong.
We have invited the SEC to actually withdraw their erroneous statement that the revocation of Energy Source applies to Bancorp and that should they still feel Bancorp should be revoked then they should bring the case properly.
We have made no secret that should they do this that any revocation proceedings will be vigorously contested.
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