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Saturday, May 27, 2006 11:22:07 AM
Nobody could, or would insure people against bad individual decisions, so the exchange is fraudlent on it's face.
It's amazing what CMKX culties will believe. They have no concept of the financial and regulatory hoops that would have to be leaped through in order to found a new exchange. But what do you expect; they routinely invest in companies that go from soy milk and porn businesses to being mining powerhouses in the twinkle of a PR.
The CIM "IPO" claim is particularly amusing. They ignore the fact that any public offering requires a SEC form 10 filing, complete with audited financial information and an offering prospectus, with a minimum period before the offering of 90 days. Most take much longer.
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