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Pastimes : Investment Chat Board Lawsuits

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To: Jeffrey S. Mitchell who wrote (9817)1/21/2007 5:54:38 PM
From: scion  Read Replies (2) of 12465
 
PGWC - CLASS ACTION COMPLAINT FOR VIOLATIONS OF FEDERAL SECURITIES LAWS

MICHAEL MITCHELL, Individually And
On Behalf of All Others Similarly Situated,
Plaintiff,

vs.

PEGASUS WIRELESS CORPORATION,
JASPER KNABB, STEPHEN DURLAND and
ALEX TSAO,
Defendants.

kgscounsel.com

Posted by: janice shell
In reply to: mrsandwichking who wrote msg# 834 Date:1/19/2007 6:09:38 PM
Post #of 835

While it was previously reported by Investorideas.com that Knabb sold his first
company, Software Exchange Inc., d/b/a SEI, for $80 million, there does not
appear to be any record of any $80 million sale of SEI stock by Knabb or any
record that Knabb owned $80 million of SEI stock. What records do exist indicate
that SEI filed for bankruptcy in the Middle District of North Carolina, on or about
May 24, 1990.


I'm glad they went to the trouble to dig that info out. I knew Jay never sold anything for $80 million, but didn't have the proof. Too bad all the old BIFS posts at RB are gone.

investorshub.com

BIFS ... Patented Environmental Cleanup and Low Float Co.

Subject 28062
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