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Re: mikeymac post# 17944

Friday, 05/19/2017 10:40:58 AM

Friday, May 19, 2017 10:40:58 AM

Post# of 19254
I am not suggesting that this is Sam's agenda. But Sam is nothing if not crafty. I will bet this has crossed his mind. As a long time penny stock investor, I have seen some absolute theft jobs pulled by management on small shareholders. I saw one guy take his 40% ownership and buy all the company's assets in exchange for his 40% ownership. I had a CEO sell the business for virtually nothing in exchange for a sweetheart management contract. He got a nice salary, a signing bonus and shares in the new company. We got rolled back 73:1 into a POS. The list of horror stories in the penny stock world is extensive.

I can tell you from experience, the SEC will do nothing. The FBI will do nothing. FINRA claims this has nothing to do with them and they will do nothing. What you and I might consider grand theft, they all regard as a civil matter between shareholders.

As a minority shareholder, the only rights you have are those you can afford to enforce. If you own $5,000 worth of stock, are you going to send your lawyer a $10,000 retainer to begin legal proceedings? Of course not.

Again, I am not suggesting this is in the works. I will suggest that IF one were planning to do this, the actions you are seeing lead this way. And that is just one of the reasons why the stock price may be so low.
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