PRESS RELEASE 4/16/2018 Sector 10, Inc. (OTC Bulletin Board: SECI)
Sector 10 Files Response to Defendants' Motions to Summary Judgement
As Sector 10, Inc and their legal counsel complete the filing of their response to Defendants’ Motions to Summary Judgement, they await the court’s response - including a green light from the judge to proceed legal discovery.
The investigation continues to deepen and many questions remain unanswered:
In total, how many people/companies benefit from the stolen Sector 10 technology and how much profit was gained by all? What are the proportionate losses for Sector 10, Inc and its investors? And exactly how deep is the Sector 10 technology’s migration rabbit hole …?
April 2018 update:
1. Sector 10 looks forward to legal discovery and seeks advice on Utah RICO Laws, or the Utah Pattern of Unlawful Activity Act (UPUAA) which is not entirely identical to its federal counterpart, the Racketeer Influenced and Corrupt Organizations Act (Federal RICO).
2. Sector 10 also announces further expert assistance on evaluating the loss of revenues and profits as a result of the defendant’s actions and interference with Sector 10 business operations, as well as the market cap loss and the negative impact on the (SECI) stock valuations.
The direct impact on the valuation of the Plaintiff / Sector 10 companies and its shareholders is considerable. SECI was forced to do a reverse split, not once but three times, to ensure the company and the stock would survive the shorting and other market manipulations as the result of defendants’ actions. All three stock reversals where approved by the Security Exchange Commission and succeeded in keeping the company afloat, although now on the OTC Market (pink-sheets).
Many of the shares on the market today represent a 26 to 1, followed by a 10 to 1, and finally a 500 to 1 reverse split. The possibility that many of the consolidated single shares today are worth 130,000* of the “old” shares (before the triple reverse split) needs further examination. (*1 x 26 x 10 x 500)
An in-depth testimony by experts will shed better light on the overall valuations and sustained losses to determine damages.
3. In light of the new evidence as released in February 2018 and the pending opportunity to proceed with legal discovery, Sector 10 Plaintiffs are expected to amend the case to include new defendants who are currently still under investigation.
Continued updates will be published on:
Sector10.com: News and press releases on legal activities and court progress.
Whitecollarfacades.com: Introduction, timeline of events, and new evidence as it becomes available and verified.
About Sector 10
Sector 10 has been in litigation to recover damages from a technology theft and laundry operation that delivered Sector 10 technology into the hands of then ADT/TYCO, causing the largest market cap increase in their history. The lawsuit was filed in a Utah Court against ADT/TYCO acquired subsidiary Proximex Corporation as well as Valley Inception LLC, Incisive Software Corporation, Trusys Inc, Dutro Company, Reality Engineering Inc, and individuals.
Safe Harbor Statement:
This press release may include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, included in this press release that address activities, events or development that the company expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are subject to a number of assumptions, risks and, uncertainties, many of which are beyond the control of the Company, which may cause the Company's actual results to differ materially from those implied or expressed by the forward-looking statements. The Company assumes no duty whatsoever to update these forward-looking statements or to conform them to future events or developments.