Alex,
I would start by reading the SEC complaint against your father et al. Very often stock scammers find an innocent person or compay to manipulate, taking them/it down with them.
Are you estranged from your father? Trying to clear his name? Just curious? Have you read this entire thread?
From the SEC complaint:
13. Defendant Surgent incorporated Orex in 1997 under the name "Lucky Seven Gold Mines." In February 1999, defendants Surgent and Abrams identified a dormant public shell company and orchestrated a reverse merger through which Orex became the surviving entity. Defendants Surgent and Abrams installed defendant Hemedinger as the nominal president of Orex, but they secretly controlled the company and owned or controlled most of its outstanding stock. Orex maintained its offices in Coral Gables, Florida. No registration statement was in effect as to Orex stock.
14. Beginning in March 1999, defendants Surgent, Abrams, and Hemedinger created and distributed brochures, a website, and a promotional video that falsely portrayed Orex as an active, established company with gold mines, employees, and a revolutionary gold extraction process. The promotional materials also deliberately concealed the active involvement of Surgent, a recidivist securities law violator, in Orex's business affairs. In truth, at the time, Orex did not own or possess any gold mines or gold mining equipment. Moreover, the gold extraction process touted by Orex was never tested or implemented on a commercial basis. Surgent, Abrams, and Hemedinger knew, or were reckless in not knowing, that the Orex promotional materials were false and misleading.
sec.gov
- Jeff |
