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Re: Navyvet004 post# 5171

Monday, 08/25/2014 7:10:48 AM

Monday, August 25, 2014 7:10:48 AM

Post# of 6413
Recourse on this exchange is tough navy. On the aggregate multiple management teams have come and go and they have not needed to recapitalized their stock under the current. They file on time and while I question their disclosure principles the quarterlies read pretty straight forward.

Most pinks are riddled with derivative liabilities favoring a lower price per share for insiders. This isn't the case with PMXO and shares have been issued judiciously compared to other pinks. What I'm saying is in order to pursue any sort of civil liability I BELIEVE one will need to show damages through reckless negligence or willful intent as the burden of proof is high. I'm not a lawyer I'm just saying I have heard its tough to find someone to prosecute this type of complaint

Your buddy at the SEC/FINRA ETC can make some noise if they choose but to your point they are seriously backed up and their has to something to substantiate a criminal investigation. Unfortunately this type of recourse if successful will usually throw the baby out with the bath water. Be well my friend and let's see what the next couple days bring

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