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Microcap & Penny Stocks : MIDL .... A Real Sleeper
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To: zonkie who wrote (4569)10/28/1998 1:15:00 PM
From: Binder  Read Replies (2) of 7039
 
After reading the SEC action again, I noticed the following 2 statements:

1) "The total profit the defendants received from their stock sales in the five companies exceeds $1 million.", and

2) "The Complaint seeks a permanent injunction against STW and King, as well as an accounting, disgorgement of their unjust profits, and civil penalties."

My question is, What happens to the money if the SEC is successful in their case against this guy? Does any of it go back to the shareholders, or does the government get to keep it all?

tia,
Binder

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