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Microcap & Penny Stocks : SEXI: Mostly Fact, A Little Fiction, Not Vicious Attacks -- Ignore unavailable to you. Want to Upgrade?

To: telephonics who wrote (12428)	11/26/1997 9:30:00 AM
From: telephonics	Read Replies (1) \| Respond to of 13351

While doing some web searching yesteday I found a web site called "Securities Class Action Clearing House. Want an educcation on class action suits-read the material hereon. But it also had a complete file on the SEXI Class action law suit for you to read. (Quite long) The following statistics also were presented Federal LitigationBox Score 22 Dec95 to 23 Nov 97 Companies Sued in Federal Court 244 Federal Complaints on line 152 Most Frequently sued industry High Tech Most active district courts N.D. and Cal. Percentage alleging accounting fraud 59% Percentage alleging insider sales during class period 55% Class action suits can also be filed in state courts when the company involved does business only within that state.

To: telephonics who wrote (12428)	11/26/1997 5:41:00 PM
From: telephonics	Read Replies (3) \| Respond to of 13351

HERE WE GO AGAIN!!! Charles Huttoe,the former chief executive of SEXI,settled a SEC civil suit brought over allegations of market manipulation,the agency said QWednesday. Huttoe is already serving a 46 month prison term after pleading guilty,last year to criminal charges for his alleged role in the scheme. The SEC accused Huttoe of hyping the stock of the company and then taking advantage of artificially inflated share prices. The case also involved charges against a newsletter publisher,SGA Goldstar,which was sued over allegations it touted SEXI shares over the internet. It was the first SEC case alleging stock manipulation in cyberspace. Under the terms of the settlement,Huttoe was ordered to return the $12.5 million he allegedly made in the scheme;However,the agency waived that fine because court statements indicated he didn't have the money. The court order does require Huttoe to cooperate with the SEC in trying to recover the funds from other sources. The settlement also bars Huttoe from the securities industry. WOW: Questions 1. If Huttoe actually got $12.5 million how could he get rid of this amount in only the few months involved?? 2. SGA-head man in Federal prison his lead man on the SEXI page,rather than accept a plea bargain as the boss did,is fighting the case. As a reward his funds were unfrozen by the court and thwe court has yet to rule on a countermotion filed by his attorney. This countermotion is to upset an SEC motion for a declaratory judgement against Shannon Terry. This ruling has been pending for months. Guess the wheels of justice grind very slowly. I wonder when the court does rule if Terry will plead he spent the money and should therefore be freed from any fine.