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Microcap & Penny Stocks : USXP . APAC . PKGP

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To: scion who wrote (2115)	7/3/2008 10:34:42 AM
From: scion	Read Replies (1) of 2347

C. Altomare Did Not Disclose Current Business Activities Altomare did not disclose to the SEC, or to the Court in hearings on contempt, his participation in a business enterprise called Encore Holdings. When confronted with evidence obtained by the SEC through independent means, he acknowledged that it is a business which he is trying to get started. In November 2007, the company leased space in New York under arrangements made by Altomare and Chris Gunderson. [Depo. Exhibit 42]. Altomare’s failure to disclose this enterprise raises a clear question as to his candor with respect to his financial condition. Transcript 166-171. ----------------- 07/02/2008 338 STATUS REPORT. Plaintiff's Second Submission on Altomare's Contempt Document filed by U.S. Securities and Exchange Commission. ------------

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