The SEC alleges that shortly after becoming Norstra Energy’s CEO in March 2013, Glen Landry began making false and misleading claims about business prospects on Norstra’s website as well as in press releases and SEC filings. Landry and Norstra Energy misled investors about the location of the company’s property in order to make the wells appear more promising and twice disclosed an inaccurate date to begin drilling operations to make the potential for oil riches appear imminent.The SEC’s complaint filed in federal court in Manhattan alleges that promotional materials issued by Eric Dany falsely proclaimed that “Norstra Energy could be sitting on top of as much as 8.5 billion barrels of oil!” and said the planned wells had a 99 percent chance of profitability. After the exaggerated statements about its property and prospects caused Norstra Energy’s stock price to increase nearly 600 percent in a three month period, the SEC suspended trading in June 2013.The SEC’s complaint charges Norstra Energy, Landry, and Dany with fraud and seeks final judgments ordering permanent injunctions, return of allegedly ill gotten gains with interest, and financial penalties.
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A community elected delegation of citizens is tasked with composing the initial draft of the Citizendium charter. Following the release of the initial draft, the committee’s work will be done and all other citizens will be encouraged to propose modifications, additions, deletions. This will allow for a more expeditious drafting process and still allow input from all Citizendium members.
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Repeatedly shared confidential information with Signorastri that other GenTek shareholders did not have the benefit of knowing, said Andrew M. Calamari, Director of the SEC New York Regional Office. Officers and directors owe a fiduciary duty to their shareholders to not only refrain from using nonpublic information to profit personally in their own trading, but they also must safeguard that information so friends and others don illegally trade on it either.
Although Android is designed to keep tasks in memory, you do sometimes find that you have some apps or services running that don need to be and it worth keeping an eye on them in Settings > Applications > Running Services. Make sure you kill anything that shouldn be running. Make sure it shouldn be running though, because if you kill the wrong thing, you might be doing more harm than good..
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Now, you may be asking, what is so important about that? question. Besides the thousands of FYI subscribers reading the newsletter each week, there are potentially thousands of others reading the article somewhere else on the web. Of course I love that my stuff is being read.