U.S. Securities & Exchange Commission
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U.S. Securities and Exchange Commission

Lloyd E. Wollmershauser a/k/a The PennyStockMan

On March 7, 2001, the SEC filed a complaint against Lloyd E. Wollmershauser, also known as the "PennyStockMan," in connection with an Internet pump and dump scheme of Thermotek International, Inc. common stock. The Court ordered Wollmershauser to return his unlawful trading profits and he has paid them to the SEC. For more information about the SEC's action, you can read Litigation Release No. 16926 (Mar. 8, 2001).

On July 3, 2001, the Court approved the SEC's plan for distribution. Under the plan, if you purchased Thermotek International common stock on June 28, 2000 or June 29, 2000, you may be eligible to recover money. If you believe you may be eligible to participate in the distribution, please read the SEC's Motion for Approval of Proposed Plan of Distribution of Disgorged Profits and Memorandum in Support Thereof and its Proposed Plan for Distribution of Disgorged Profits. These documents contain important information, including how eligibility will be determined; how the amount to be paid will be determined; how to object to the Plan; how the claims procedure works; and the significant dates and deadlines.

If you wish to file a claim, you should print out the downloadable Verified Proof of Claim Form and fill it out. All claim forms must be ACTUALLY RECEIVED by the SEC no later than 5 p.m. (Mountain Standard Time) on October 25, 2001 (changed from August 27, 2001). If you fail to meet this deadline, you will not receive any distributions of disgorged profits. Please note that if you have already submitted your claim form(s), you do not need to submit the form(s) again.

Completed claim forms should be mailed to:

    Ian S. Karpel
    U.S. Securities and Exchange Commission
    1801 California St., 48th Floor
    Denver, CO 80202

According to the plan, on December 26, 2001, the SEC distributed approximately $204,000 to about 75 investors.


Modified: 03/12/2003