Bob should PR these comments ASAP.  He shouldn't hide behind "barred from talking about ongoing legal action" - these points are outside that rule's scope.  I mostly wonder about uplisting - will that be delayed until this is resolved?

I wonder why Bob wasn't charged in 3 earlier actions - ?:

. . . Prior charges were filed by the SEC against other penny stock violators in October 2010, December 2010, and June 2011.

It looks like the crime was:

. . . an undisclosed bribe that was to be paid to a stockbroker who agreed to purchase a microcap company's stock in the open market

which is something that legitimate paid promoters do - they buy shares at end-of-day to keep up PPS.
It was a mistake by Bob - and we all know he was struggling for operating cash in Spring, 2010.

http://www.sec.gov/news/press/2012/2012-108.htm