Compensation possible?

Hi Captjoe, now that Daniel Ruettiger and others 'running' RUNU have been charged by the SEC is there anything that people like myself who bought shares back in 2008 can do to make a claim for compensation.

Great if you could point me in the right direction.

Cheers Cel

Sorry captjoe, I did that last post before seeing you had replied to my last one. Will read it now.
Cheers again Cel

Hi captjoe again. Just a quick one.

Even though it looks like there was a pump and dump scheme for RUNU/RUDN it still doesn't get away from the fact that RUDN did not file all the docs it needed to carry on trading. So I would still like to hear an explanation from the people involved in RUDN as to why this was not done.

Are the two things linked in anyway? The pump and dump and the company not doing what it should do paperwork wise?

I am a novice when it comes to trading etc, so just asking out of curiousity.

Cheers again Cel

Hi captjoe, thanks for replying and so quickly.

On the SEC etc, I didn't mean they were liable I just wondered if under US Finance/ Trading laws etc if the courts seek money from the guilty party, does any of this get issued to the affected shareholders via a fund of some type; or if there was some legal investor protection etc for such cases.

I was referring to the guy from Long Beach who has been charged with running the pump and dump scheme that involved RUNU. I know it is a small amount compared to other cases but just wondered if any fund etc existed that could be used to compensate investors that were affected if the charges hold up against him.

I filed a complaint on RUNU to the SEC back in March 2009 after the reverse split on the 10th March 2009, as there was no information about this available to shareholders at all and it was ni on impossible to get any information out of RUNU on the matter. The website at the time as you will know, http://www.rudybeverageinc.com/, was given as 'being under development' and there was no contact information available publically to shareholders.

I will continue to check IH every now and then. Thanks very much again for the updates you give captjoe. This has certainly been a lesson for an investor such as myself, and the information coming out about pump and dumps etc is very useful and is taken on board.

I think when you fall foul of such schemes then you really learn the lesson, which you might not by just reading about it.

Thanks again

Cheers Cel

Hi Captjoe

Been a long time since I posted but do check this board every now and then just in case any update with RUDN etc.

With the current cases on manipulation etc is there any way people who bought RUDN can claim for some form of compensation at all? Especially as it looks like the SEC/ other may have possibly been aware of false advertising and other in 2008 when I bought the stock.

I only lost a few thousand dollars but well it all adds up and let's face it I can't do anything with the stock that still sits in my brokerage accounts, so $20.00 compensation would be better than what I have.

Cheers Cel

A definition of Duffau's favorite TDSF

Hi All, I am pretty new to trading and to Inv Hub, maybe one or two others on this board are too so here is a definition of one of Duffau's favourite postings 'Toxic Death Spiral Financing' which I looked up. For those who are not sure like myself please see:

http://www.stockpatrol.com/article/key/deathspiral
http://financial-dictionary.thefreedictionary.com/Death+Spiral

The first one is pretty old but seems to give a good explanation when compared to other explanations I have seen. I have nothing to do with stockpatrol, it just came up in google and seemed a clear explanation.

Abdul hope the definitions are correct.

I do have some RUNU shares and will keep them and see how this goes, I bought some a while ago when around 0.04 and have bought some more making my average about 0.02. They are not worth a great deal at mkt value surprise surprise, so I have stopped smoking which is helping to make up for the loss. I cannot claim to have an understanding of what is happening here, but it would be great to have a post RUNU diagnosis from those that may on this message board at some point in the future if that is possible.

Staying with this stock goes against all that I have read about trading and emotions, having an exit strategy etc, and I smile to myself when I have been re-reading books on emotions etc over the past two weeks as it is like looking in a mirror a bit. Hope being one of them.

Whatever happens with the stock and RUNU as a company I hope to be a healthier non-smoker and happier learning trader as this board has definitely made me laugh out loud at times when I have read some of banter in the posts. Cheers.

Could this have come from an order being entered incorrectly at all. i.e. limit of .105 instead of .0105. A seller then obviously sells at this but the price then closes back where it should be? Thanks.

Hi all why the high of .10 at 13.27. Is this an error in data?