|FOR IMMEDIATE RELEASE
July 14, 1998
CONTACT: Lisa Roys
ADMINISTRATIVE ORDERS ISSUED AGAINST
Robo Enterprises, Inc.; Robo-Southeast Ohio Natural Gas,
David G. Rose a/k/a Sam Tooley; Richard P. "Ric" Underwood;
Raymon D. Ingram; Martha Lu Nunn; Karl D. Niles; Daniel L. Morel;
David A. Stewart, Jr.; Jeffrey L. Nicholas; Jeff Dammeyer;
Deborah Pearce; Paul Craig Hayden a/k/a Craig Hayden;
Michael F. Wright; Donard Mark Haynes; Marc H. Jones
Carl E. Flewallen; Frances Maria Alexander;
Linda M. Hay; and Calvin Campbell
Bowling Green, KY
(Madison, Wisconsin) Department of Financial Institutions - Division
of Securities Administrator Patricia D. Struck issued Administrative Orders
of Prohibition and Revocation against Robo Enterprises, Inc., Robo-Southeast
Ohio Natural Gas, LLP, David G. Rose a/k/a Sam Tooley, Richard P. "Ric"
Underwood, Raymon D. Ingram, Martha Lu Nunn, Karl D. Niles, Daniel L.
Morel, David A. Stewart, Jr., Jeffrey L. Nicholas, Jeff Dammeyer, Deborah
Pearce, Paul Craig Hayden a/k/a Craig Hayden, Michael F. Wright, Donard
Mark Haynes, Marc H. Jones, Carl E. Flewallen, Frances Maria Alexander,
Linda M. Hay, and Calvin Campbell, of Bowling Green, Kentucky.
The Orders were based on allegations of fraud in the offer of securities
by an unlicensed broker-dealer and agents, during 1998, of securities
in the form of "units of ownership" in Robo-Southeast Ohio Natural
Gas, LLP, a natural gas well venture. Orders also alleged that the offers
and sales violated anti-fraud provisions as a result of failure to disclose
to the Wisconsin offerees that several state securities agencies had previously
issued administrative orders against various of the Respondents for securities
law violations. In addition, the staff alleged that the person offering
the securities in Wisconsin stated that the commission paid for sales
of investments in the venture is 10%, while the Regulation D Uniform Limited
Offering Exemption filing made by the Respondents stated that no salaries
and fees will be paid to officers, directors or others for sales of the
units in the LLP.
The Orders were issued after an investigation conducted by Attorney David
Cohen, Examiner Mark Dorman, and Legal Assistant Sue Kittel Moore and
prohibit the Respondents from further unlicensed broker-dealer and agent
activity, from anti-fraud violations, from making a false or misleading
filing with this agency, and revoke future securities registration exemptions.
Administrator Struck urged people to carefully investigate any potential
investment opportunities thoroughly by contacting the Department of Financial
Institutions to learn more about the kinds of investments they are being
offered. People can contact the Department of Financial Institutions at
(608) 266-5555 or toll-free at 1-800-472-4325.