I think it is obviously the case that the KGLJ "vehicle" was and is damaged by the probably knowing effort made by JA White in choosing the fraudulent shell that he did... and then making the legitimate deal to put the legitimate assets into it... that I think are still properly KGLJ owned assets.
Of course, the REASON to choose a known flawed shell is obvious... to allow "it" to fail for that "external" reason, and then allow the SEC regulatory action to close it down FOR YOU in order to limit your liability... while you shift the assets out and skate away to do it again with another... while letting the bagholders who got caught up in the shell game to take the heat ?
How close do you think the associations ARE between the various players there and here ?
I STILL don't think that the scam is going to work out for them, here... given the paper trail... and other things.
I described the available choice in paths a long time ago...
Given what the shares represent, even if they aren't legitimately trade-able... I'll not ever sell a one of my shares in KGLJ until the assets are returned and this gets "fixed", or until JA White pays me for my portion of the interest in them that I think is my right... one way, or another. I accept he gets to choose the path.
He's got my number. Maybe I changed phones since then. Maybe I ought to give him a call, again.
I do still want to know what the limits in responsibility of the various minor actors here ARE, but I also don't think having the bonafides of the stock held in question in any way alters the fact of the obligations made to those who bought them in good faith. The shares themselves were a fraud... but the virtual reality of the company and the physical reality of the assets, the things the shares represented, were not... even if the management that put it together ARE criminals... the obligations the shares represented remain intact.
I am curious, too, about the FACT that some brokers have continued to trade the shares, even KNOWING of the fraud being conducted in them ? Who made and who was benefited from those trades ? Why is it the SEC seems not to care ?
I forget now what I judged the shares "should" be worth given the assets they held. Given that the assets have been sold under the conditions they were, I don't think the sale price likely reflects a fair value for the value that has been removed from me. I expect I will continue to work to find a way to get that value back. I expect it has already cost them a WHOLE lot more than it ever would have cost them to settle with us on a fair deal with KGLJ shareholders... and I expect it may cost them a WHOLE lot more, yet.
JMHO
.JPG)
.JPG)
