InvestorsHub Logo
Followers 66
Posts 8785
Boards Moderated 1
Alias Born 02/23/2007

Re: viki post# 12326

Monday, 08/11/2014 1:43:43 PM

Monday, August 11, 2014 1:43:43 PM

Post# of 23567
As you said PDGO and many companies trading at this level seem to get away with a lot that is illegal. Since I am not a attorney, or even know the trading laws very well, its hard for at least me to say what can happen to Vince or PDGO.

Now its my guess that if the numbers do not change, someone is going to file complaints, maybe with SEC, may Finna, maybe the reporting agencies that take care of production , selling, and oversight of all the wells, MAYBE A CLASS ACTION LAWSUIT. It would be my guess then if that happened, and the numbers are not changed, he could be looking at securities fraud also, but again I am not a attorney just know a few things that have happened to other companies that put out fraud PR'S AND TOOK ADVANTAGE OF share holders.

And as long as they can sell shares, they probably would never go bankrupt, may sell off portions of company, or entirely as even a shell is worth money. They have assets at least with lease rights, so maybe they could sell them, but they also probably owe some money on them still also, so that would need to be settled up, or people could place civil suits also. Again not a attorney, but this could go a lot of ways. Wish for once we would find out that everything is ok with PDGO and there has just been some stupid mistakes. I think people here know my opinion on this matter at least as of today.

E-A-G-L-E-S Eagles