Thursday, July 28, 2016 9:19:19 AM
Years ago, I had a stock I traded for years accumulating profits and free shares, till it became official the affair was a total scam.(I mentally wrote off these shares Worth Nothing anyhow).
One very large shareholder decided he was not to let it go without appropriate result. He sued, got the scammner in jail (only one month however). The head scammer and his accomlpices (accountants, lawyers, ...) were jointly sued and they were condemned to pay $ 100,000,000, amount carrying interest till paid.
Obviously this asset never was collected but still it was financial asset potentially worth something for someone (X cents in the $).
Those in charge of it however wanted to make this asset more concrete and decided to let it sleep till they were able to render it more concrete. They still work at it and the stock is now worth something again (currently between 10 and 15 cents).
The final outcome is still unknown but whatever happen, this mentally written off asset of mine is now worth something relatively significant yet to be defined.
I doubt someone owning shares herein will go thru the same exercise and therefore, our crook will keep the stolen money, whatever asset this outfit may represent or not and willo probably initiate another scam in the future.
That's the risk of playing these small sub penny stocks.
Patiently,
Roger
North Bay Resources Commences Operations at Bishop Gold Mill, Inyo County, California; Engages Sabean Group Management Consulting • NBRI • Sep 25, 2024 9:15 AM
CEO David B. Dorwart Anticipates a Bright Future at Good Gaming Inc. Through His Most Recent Shareholder Update • GMER • Sep 25, 2024 8:30 AM
Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • BLOZF • Sep 24, 2024 8:50 AM
Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • INTV • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM