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 Microcap & Penny Stocks | SEXI: Mostly Fact, A Little Fiction, Not Vicious Attacks

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To: gamerpro28 who wrote (13314)1/14/2006 7:03:14 AM
From: telephonics   of 13351
 
Sure is.

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From: Frank Fontaine1/14/2006 9:46:06 AM
   of 13351
 
According to my computer the SOE website is now down. I could not bring it up yesterday. The end of an ERA. GLTA!
Frank

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To: Frank Fontaine who wrote (13339)1/14/2006 11:05:03 AM
From: telephonics   of 13351
 

RIP

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To: telephonics who wrote (13300)2/15/2006 3:34:44 PM
From: Skeeter Bug   of 13351
 
long time, no see, people. i heard some folks are getting some stock fraud $$$s back.

what is the word on that?

it sounds waaaaaay to good to be true.

hope all is well for everyone.

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To: gamerpro28 who wrote (13315)2/15/2006 3:37:06 PM
From: Skeeter Bug   of 13351
 
gamepro28, am i too late to jump into this mess? nobody told me about the suit. i'd appreciate a synopsis of the situation for someone in my shoes.

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To: Skeeter Bug who wrote (13342)2/17/2006 9:16:59 AM
From: gamerpro28   of 13351
 
The only option you have is to contact the distribution agent and see if you have any chance at filing a claim, but at this late date, and with probably all funds distributed, I would not put your odds of success very high.

This is a case of getting in early, like 9 years ago, and being patient. Joining any of the class action suits back then would have put you in contact with an attorney who would have kept you informed.

Apart from joining a class action suit, you would have had to keep up with the SOES distribution site, and filed a claim by sending in all the forms and proof of stock ownership for the period in question. That happened years ago, too.

For many, any association with SEXI left them snakebit.

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To: gamerpro28 who wrote (13343)2/17/2006 11:54:15 AM
From: Skeeter Bug   of 13351
 
thanks for the info. glad to see some people made it out without too much damage - that's rare enough.

kudos to the many people who stayed with this an invested so much time and energy for the benefit of those in the class action.

later,

skeeterbug

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To: Skeeter Bug who wrote (13341)2/17/2006 5:13:33 PM
From: telephonics   of 13351
 
But it is true. Some recouped their entire investment.

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From: gamerpro283/21/2006 12:07:04 PM
   of 13351
 
From the SEC website, it looks like there will be a 2nd round of checks sent to any who did not get a chance to get a "full recovery".

"...it is not known at this time what amount of recovery these claimants can expect."

See the post below for the full statement:

Systems of Excellence and Charles O. Huttoe
On November 7, 1996, the SEC obtained temporary restraining orders, asset freezes, and other emergency relief against Systems of Excellence (SOE), Charles Huttoe, SOE's Chairman and CEO, and a number of other defendants. The SEC alleged that Huttoe orchestrated a massive market manipulation in SOE stock by distributing millions of unregistered SOE shares, making false and misleading press releases to raise SOE stock price, and selling SOE shares at artificially inflated prices.

The SEC has posted numerous litigation releases about the SOE fraud. You can find them by visiting the SEC's website and inserting the words "Systems of Excellence" in its search engine.

The Court primarily responsible for the SOE enforcement actions appointed Thomas A. Ferrigno as Receiver to collect assets recovered in the cases resulting from this investigation. The SEC has collected approximately $15 million in assets. The Court also appointed Mr. Ferrigno as the Distribution Agent for the Receivership assets.

The Distribution Agent has completed the first round of distributions by mailing checks to eligible claimants who received full recovery. Mr. Ferrigno will soon petition the Court to release the remaining funds for a second distribution to eligible claimants who did not participate in the first distribution. As the SEC does not know how many people will be eligible for the second distribution, it is not known at this time what amount of recovery these claimants can expect. It is anticipated that the second distribution will take several months to complete once the Court gives approval.

If you have any questions about the Receivership, you can submit them by voicemail at (866) 357-9448 or by email at distagent@soedistributionplan.com.

sec.gov 

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To: gamerpro28 who wrote (13346)4/11/2006 10:32:35 PM
From: peter gucker   of 13351
 
What happened to the Maria babe......Well at least I still have the sign......glad you guys got money back

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