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jellogan

08/28/12 9:49 AM

#43982 RE: Renee #43981

i dont even know how to feel on this matter...
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jellogan

08/28/12 10:06 AM

#43983 RE: Renee #43981

Renee - i don't have PM. however, why would this be bad for me/us? couldn't it only become better if the Commission receives the final judgement they're after?

"The Commission seeks a·final judgment (a) permanently restraining and enjoining
Defendants from violating Section 5; (b) ordering Defendants to disgorge their ill-gotten gains with prejudgment interest thereon; (c) ordering Defendants to pay civil money penalties,
pursuant to Section 20(d) of the Securities Act of 1933 (the "Securities Act") [15 U.S.C. §
77t(d)]; and (d) permanently prohibiting Defendants from participating in an offering of penny
stock, pursuant to Section 20(g) of the Securities Act of 1933 [15 U.S.C. § 77t(g)]."


http://www.sec.gov/litigation/complaints/2012/comp22452.pdf