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Sad news, sorry to hear it.
It's actually sort of a milestone. The shareprice can't go any lower. Maybe they'll mention it in the next president's letter?
What makes you think anything will be done by next week?
This post might be the only thing I was ever right about regarding this company.
How can you not think this stock sees .001 sometime soon? I'm fairly surprised that there are not many more lawsuits, but I assume that most folks just decided to move on with their life as I did.
I think you're wrong. I think it goes under .01 today.
They still have the RS option in their back pocket if they can't get the AS up, no? I have no idea who owns what at this point - do the shareholders even have the numbers to vote it down?
Funny how that came right on the tail of that last pres letter?
I'm guessing they're not asking for a 4B AS because they think they'll be trading in the dollars......
He's basically saying they just bought 300K cash with shares.
Gee, I wonder why all the financial institutions don't just write all of the CDO's down to 0 - those can't be valued right now? Maybe because they don't have RIM's shareholder base......
Of course. Next step is to increase the AS IMO.
Yes, but to be enforced how?
They increased the AS, but people still sold a lot of shares that they didn't own, right?
Yes, I'm sure that Brad and Ray were sure to ask "can you afford to lose this?" and I'm sure they suggested people not invest more than X% of their net worth......
What's the implication here Cobra? They were certainly making claims 5 years ago? Are you conceding that it was a scam back then?
There's plenty of pink sheet companies with billions of shares issued, I can only assume they got there in the same manner.
Good post, dead on.
True but it's nothing we didn't already know.
It has nothing to do with NSTR - read it again.
I'd email the author and ask where it came from.
See post 65399
Rolled the dice and bought a few shares. Stock looks like it may put together a run and management needs it to. Don't like the company or the players, but since I've been watching it anyway......
Sorry to hear about your loss. I lost a lot of money here, over a long period of time - which speaks to how stupid and blinded I was.
These are low volume declines. One of these days the heavy selling will arrive. It's coming...you know it.
.01's any minute...too funny.
Probably an honest mistake....tough to tell your back from your front.
What a shame...
Kharma will eventually catch up though....
Are we pretending DP and curber are "unrelated"?
I am a shareholder though, 1.5MM shares, and you spend a lot of time attacking those that suggest investors file for ownership? Seems like you're treading on thin ice there.
The fact that you're even on this board participating in discussions about whether holders should or shouldn't file, retain lawyers or sue is unbelievable.
So now what? What's next and when?
SEC is probably the way to go. Let them shoulder the burden.
Sure seems like grounds for some sort of suit, doesn't it? Hope someone with the time and money to do it steps up.
And it sounds like you don't....
As interesting as this all is, I really took a bath here and some formal updates from DP are really in order.
What sort of deal are you looking for? I'm stuck here and would love a way out...
When might he be proven wrong?
Art - has anyone confirmed that SA must be (and is) covered by some sort of insurance policy against what appears to have happened here? Thanks.