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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To: telephonics who wrote (12430)	11/27/1997 12:34:00 AM
From: michael d kugler	Read Replies (1) of 13351

Tele, I am informed that this proceeding effectively requires Huttoe do disgorge essentially all his assets. If they do not total the $12 million, the rest will be forgiven, assuming he has filed a true financial statement. I have also been reminded that the relief dcefendants are still going to provide a source of money, which nears $9 million, only some of which seems to be frozen. Huttoe's cooperation has helped here. I am also told that the Bankruptcy court's plea for the trustee to turn over the assets frozen by the SEC is being rigorously contested.

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