The SEC has evidence that proceeds from potentially fraudulent securities transactions involving Mr. Rendall's Solv-Ex securities were transferred to and from a number of banks accounts. The SEC is seeking information as to the disposition of those funds. The SEC has more than a reasonable belief that these bank records are relevant to its Solv-Ex investigation. Further, the SEC believes that the records may reveal additional corporations and persons involved in fraudulent Solv-Ex transactions. Short selling involves a risk not associated with the purchase of stock including, but not only limited to, unlimited loss and stock borrowing risks.
Additional information is available upon request.