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Technology Stocks : SFLK

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To: Francois Goelo who wrote (1392)11/3/1999 10:24:00 AM
From: StockDung  Read Replies (1) of 1591
 
On April 9, 1999, the Securities and Exchange Commission ("SEC") issued a
formal Order Directing Private Investigation and Designating Officers to Take
Testimony in the Matter of Softlink, Inc. and Certain Other Companies.

The private order empowers the SEC enforcement staff to investigate whether
Softlink, its employees or associates: (i) made misleading statements regarding
projected financial revenues of Softlink; (ii) purchased or sold securities of
Softlink while in possession of material non-public information; and (iii)
offered or sold securities through the use or medium of prospectuses or similar
means while no registration statement was in effect. The private order also
authorizes the staff to investigate possible similar violations by another
unrelated, unaffiliated company. In connection with the private order, the SEC
has issued a subpoena duces tecum to which we have responded. The SEC has not
advised us that Softlink, its employees or affiliates are presently or will be
the subject of any enforcement action by the SEC.http://www.tenkwizard.com/fil_submis.asp?iacc=1022180&uid=33280296&mode=&g=
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