SEXI: Mostly Fact, A Little Fiction, Not Vicious Attacks Message Board

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Microcap & Penny Stocks : SEXI: Mostly Fact, A Little Fiction, Not Vicious Attacks

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From: gamerpro28	3/21/2006 12:07:04 PM
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From the SEC website, it looks like there will be a 2nd round of checks sent to any who did not get a chance to get a "full recovery". "...it is not known at this time what amount of recovery these claimants can expect." See the post below for the full statement: Systems of Excellence and Charles O. Huttoe On November 7, 1996, the SEC obtained temporary restraining orders, asset freezes, and other emergency relief against Systems of Excellence (SOE), Charles Huttoe, SOE's Chairman and CEO, and a number of other defendants. The SEC alleged that Huttoe orchestrated a massive market manipulation in SOE stock by distributing millions of unregistered SOE shares, making false and misleading press releases to raise SOE stock price, and selling SOE shares at artificially inflated prices. The SEC has posted numerous litigation releases about the SOE fraud. You can find them by visiting the SEC's website and inserting the words "Systems of Excellence" in its search engine. The Court primarily responsible for the SOE enforcement actions appointed Thomas A. Ferrigno as Receiver to collect assets recovered in the cases resulting from this investigation. The SEC has collected approximately $15 million in assets. The Court also appointed Mr. Ferrigno as the Distribution Agent for the Receivership assets. The Distribution Agent has completed the first round of distributions by mailing checks to eligible claimants who received full recovery. Mr. Ferrigno will soon petition the Court to release the remaining funds for a second distribution to eligible claimants who did not participate in the first distribution. As the SEC does not know how many people will be eligible for the second distribution, it is not known at this time what amount of recovery these claimants can expect. It is anticipated that the second distribution will take several months to complete once the Court gives approval. If you have any questions about the Receivership, you can submit them by voicemail at (866) 357-9448 or by email at distagent@soedistributionplan.com. sec.gov

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