[SEC VIOLATIONS UPDATE] HEAR INSIDERS RANSACKING HEAR ASSETS...SHAREHOLDER(S) FURTHER ALLEGE EXTORTION, BLACKMAIL, RICO VIOLATIONS IN ADDITION TO STOCK FRAUD
HEAR [INSIDER SHAREHOLDER v. NON-INSIDER SHAREHOLDER] ASSET VALUE: In Perspective
3. Retention and Restructuring Costs
HEAR FORM SEC FORM 10-Q FOR PERIOD ENDING 30 JUNE 2001 FILED 14 August 2001
"...Concurrent with the restructuring, the Company entered into retention agreements with its remaining employees, pursuant to which the employees would receive bonuses aggregating $2.3 million. In addition, notes receivable from certain employees in connection with previous stock exercises, together with associated interest and tax liabilities, aggregating $2.4 million, would be forgiven...Stockholders may not receive any distributions as part of the Company's wind down. Furthermore, if the Company's contingency reserve, established upon dissolution, is inadequate to cover expenses and liabilities, stockholders may be liable to creditors of the Company for amounts previously received..."
Source: HEAR SEC FORM 10-Q FILED 14 AUGUST 2001 ragingbull.tenkwizard.com
Addiitonal Ref/ HEAR LIED? re: Palmor,CFO correspondence, representations in re: US SEC Rule 10b-5, causation, reliance Message 15954437
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