U.S. SEC Aims to Halt $3.6 Bln Offering by Apollo (Update1)
Sept. 13 (Bloomberg) -- A U.S. regulator sought to halt a $3.6 billion initial public offering by Apollo Publication Corp., a Canadian company that claims ``Al Greenspan'' as an auditor and promises to target a world market of 70 billion people.
The company lied about U.S. and world political figures, including former Presidents George Bush Sr. and Jimmy Carter, serving as its directors and that the Canadian Imperial Bank of Commerce, Canada's fourth-largest bank by assets, was bringing the offering to market, the SEC said today in a statement.
``When God created the Universe, her children have lived on the planets and stars like Earth all over the Universe,'' Apollo said in the company overview filed with the SEC.
Apollo, based in Windsor, Ontario, said in an e-mail, ``We are glad to receive your e-mail. We shall contact you if we think it is necessary.'' SEC spokesman John Nester declined to comment.
The SEC requested an administrative hearing Sept 26, two days before the registration will become effective.
To contact the reporter on this story:
Demian McLean in Washington at dmclean8@bloomberg.net.
Last Updated: September 13, 2005 11:11 EDT |
