Letter from Elderly Chimera Investor Saved by Our Article:
Greetings:
Excellent article. A short time ago, I had read the press release and viewed their video. Knowing the fracking uproar from environmentalists and local governments, a waterless procedure seemed to be a promising enterprise.
This week I had intended to watch the stock and perhaps purchase some. Based on your article, I now am aware that the company is a scam and have saved some of my limited investment money. [It provides my retirement income now.]
I agree with you that the companies that take their advertising $$$ should be more aware of them and do something to police them in some way. However, even more important is that there should be some way to get the SEC or other governing agency to take "immediate" action to stop them. These companies should be vetted prior to being able to be listed on any brokerages or OTC stock lists.
What they are doing is the same as a bank-robbery-in-progress by defrauding the elderly [like me at 74 yrs old]. I know there is a state law in FL, where I live, and possibly many more states, where it is a crime to defraud anyone over 65.
Taking money from people living in more than one state should involve inter-state commerce and the FBI should also have jurisdiction.
Please keep up the good work and spread the word other journalists to keep their eyes out for similar set-ups to then write articles like yours to expose them.
You saved me a little money this week and I want to thank you for that. You are a credit to your profession. Seeking Alpha is one of my favorite companies and one I trust very much.
Name Witheld.
These are the people you aholes are scamming out of their life savings! We will not rest until you are all prosecuted!