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Tuesday, August 31, 2010 6:02:31 PM
I have lost tons of money and will see these thugs to go to jail. BRZM/SAOL falls in the category of so called 'companies' whose only purpose is to enrich the executives through their stock games. They have no intention to create shareholder value, but on the contrary, all the money raised from share trading is cleared beyond the reach of the shareholders.
Who are the consultants these companies pay generously with shares? What have they accomplished for their compensation? What qualifications do the executives have to do any real business other than selling shares?
There has to be some kind of industry in the USA making up fake companies where unrealistic promises are made in press releases just to pump the share price. After the share price has gone to near zero, R/S follows, and new stories evolve.
When I bought shares of SAOL I could not expect such schemes to take place. But it was before Madoff, Stanford, Wily etc. were put behind the bars. SEC should take action on these pinkies as well.
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