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    BVI-domiciled PROOF Fund sues second US penny stock

    For the second time in less than three months, a British Virgin Islands-domiciled investment fund has filed a complaint against an Over-The-Counter Bulletin Board-listed penny stock for allegedly defaulting on a loan.The latest action was brought by Professional Offshore Opportunity Fund Ltd. at the U. S. District Court for the Southern District of New York on June 29, 2008.