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Microcap & Penny Stocks : DACQ - Here we go again? -- Ignore unavailable to you. Want to Upgrade?


To: Don Lachot who wrote (3496)3/16/2000 2:45:00 PM
From: Arcane Lore  Read Replies (1) | Respond to of 3501
 
Perhaps the SEC will have the last word:

COMMISSION ISSUES CEASE AND DESIST ORDER AGAINST ALAN BURTON AND J. EDWARDS COX

On March 15, the Commission entered a cease and desist order in a proceeding involving Alan K. Burton (Burton) and J. Edwards Cox (Cox), finding that Burton and Cox, among other things, made false and misleading statements to the public pertaining to the valuation of Dynamic American Corp.'s mineral properties and its operations. The Order alleged, among other things, that between June 1995 and November 1996, the respondents failed to disclose the people who actually controlled the company and falsely stated that its: Bolivian mineral properties had a value of $40 million; U.S. mineral assets had a value of $4.3 million; and mining operations in Bolivia and the U.S. were profitable. Burton and Cox consented, without admitting or denying the allegations therein, to the entry of the Order, which prohibits them from violations of Sections 5(a), 5(c) and 17(a) of the Securities Act of 1933 and Sections 10(b) and 13(a) of the Securities Exchange Act of 1934 and Rules 10b-5, 13a-1, 13a-10, 13a-11, 13a-13, 12b-20, and 12b-25 thereunder. (Rel. 33-7812; 34-42532; File No. 3-9952)

sec.gov