I see the pesky Convicted felon hedge_fun is still buzzing around. Convict's efforts will prove useless but here's something he will write off as no big deal. This is from EXPL docs:

Quote:

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PART II – OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

We are not a party to any legal proceedings, and we are not aware of any legal proceedings contemplated by any governmental authority against us.  However, from time to time, certain officers, directors or control persons, are subject to regulatory audits, investigations or subpoenas by the Securities Exchange Commission (“SEC”) and/or the Financial Regulatory Authority (“FINRA”) as a result of their positions as registered investment professionals and/or as officers or control persons of registered SEC transfer agencies.  These audits, investigations or subpoenas may have an adverse effect on the Company if these officers, directors or control persons must dedicate substantial time and effort in their response to the regulatory authorities or if these regulatory inquiries result in sanctions or fines.  

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As pending legal problems are required to be reported, sounds like someone is trying to soft peddle future troubles for EXPL. Don't blame Micah for selling shares.

Glad I invested in the right company and didn't listen to a convicted felon on the Internet.