I've said it 100 times here. The "criminal action" by the lenders was against their SHAREHOLDERS, not their debtors. They inflated the value of their assets to shareholders. Those are the charges. There has not been a SINGLE CHARGE filed against the lenders on anything other than matters with their shareholders.
Anyone want to debate this? Then post a link to the criminal charges FILED against them regarding lending matters! And no, a group of 5 idiots alleging criminal activity is NOT filed charges.
Once again, I can allege things of the 5 stooges. If I did would that make them criminal?
All the "great evidence of criminal activity" that the 5 Stooges had supposedly uncovered, has resulted in nothing!
They loaned this POS company money, at rates that were agreed to with terms made public in every 10K this POS company filed. At the end of the term the lender didn't want to renew. Period! They had every right to do that! THEY EVEN EXTENDED THE DAMN LOANS TWICE WHEN THEY DIDN'T HAVE TO, TO GIVE THESE IDIOTS MORE TIME TO FIND OTHER FINANCING!
In pink sheets, everyone wants a scapegoat! Sorry, find one other than the lender!
If any IMSCQ shareholder wants to find a scapegoat as to why they have absorbed these losses, they should first start with themselves, as EVERYTHING that's happened here was seen by others has happening before it did! No excuses!
