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STATE OF MAINE                                                                SUPERIOR COURT

KENNEBEC, ss.                                                                     CIVIL ACTION

                                                                                                DOCKET NO. CV-00-91

 

 

 

STATE OF MAINE and                                 )

SECURITIES ADMINISTRATOR,                )

                                                                        )

                        Plaintiffs,                                  )

                                                                        )

                        v.                                             )                       ORDER

                                                                        )

DEE TECH CORPORATION and                  )

PERREN S. WATSON,                                  )

                                                                        )

                        Defendants.                              )

 

 

            Default having been entered against Defendants on all of Plaintiffs’ claims, the Court hereby specifically orders the following relief:

            1.         Defendants are permanently enjoined from offering or selling unregistered securities in the State of Maine;

            2.         Defendant Watson is enjoined from transacting business as a sales representative for securities in the State of Maine, unless licensed or exempted from licensure;

            3.         Within sixty days of receiving actual notice of this Order, Defendants shall offer and make restitution to investors, by offering to rescind sales of shares of Defendant Dee Tech.  Defendants shall return full purchase prices of investments in Defendant Dee Tech, with interest, to every investor who accepts the offer;

            4.         Within sixty days of receiving actual notice of this Order, Defendants shall provide to Plaintiff Securities Administrator an accounting of monies received for investment in Defendant Dee Tech.

            5.         Within sixty days of receiving actual notice of this Order, Defendant Dee Tech shall pay a civil penalty of $10,000 and Defendant Watson shall pay a civil penalty of $20,000.

            Dated this 8th day of September 2003 at Augusta, Maine.                    

 

 

 

                                                                                    /s/ Justice S. Kirk Studstrup     

                                                                                    JUSTICE, SUPERIOR COURT