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Microcap & Penny Stocks : ECO2 INC. (NASDAQ:TIRE)

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To: Arcane Lore who wrote (2648)2/28/1999 1:47:00 PM
From: Mahatmabenfoo  Read Replies (2) of 2695
 
> seeking a permanent injunction and civil monetary penalties

Not to be too gloomy, since this is a good development, but the disappointing things are the action appears to be

- against Ledford only

- civil, not criminal

meaning at most Ledford will have to pay fines (and no doubt he has money well hidden), and he will be permanently forbidden to make statements for a public company again.

But there won't be any undoing of the deals Ledford did, or a return of assets to ECO2, or an investigation of how the company was run when he bailed out.

Still, it is an encouraging development.

- Charles
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