New York – It has been brought to our attention that several facts from our Thursday blog were not 100% correct. The blog related the fact that the SEC had dropped its investigation of Gradient Analytics. The corrections or clarifications are as follows:
1. Carr Bettis divested of Pinnacle in March of 2005, which was prior to the date of, and not in reaction to, the lawsuit.
2. According to Gradient management, the appointment of Brad Forst as CEO was an operational decision, rather than a strategic decision.
3. Gradient management would like it known that policies and procedures were in place prior to the revamping of those proceedures as of the dates shown in the article.