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Re: Phantom_Trader post# 2383

Tuesday, 05/16/2006 6:43:14 PM

Tuesday, May 16, 2006 6:43:14 PM

Post# of 8712
Xtreme81, I have been told that the SEC will discipline a company but not stop the trading for more than a couple of weeks unless further fraud goes on. We all have the right to buy and sell shares of worthless companies for eternity. Caveat emptor (did I get that right?) Up here in RI, there has been trading in a bank stock for years after it was closed up. The stockhoders successfully sued the Gov't for being wrong about the closing of the bank and won! The payoff is coming up soon, but there is no way to rush the Feds. The stock was at almost zero fifteen years ago but now is around $5. Preferred stockholders have to be paid first. Super sharp guys behind this deal, however. I hope the hard work of Calgary and Kim pays off here, truly!

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