About Screwing Us Investors
I don't think JB intentionally screwed us little old investors.
As I heard it, JB made a bunch of bad or poorly timed business decisions, some of which were impacted by the 2008 credit crisis, then they got in bed with the solar fraudster without vetting him properly, and he went to prison. Then the shorters reported JB to Finra which brought in the SEC, then while JB was still trying to rescue MSGI, he was slapped with the SEC sanctions and the fine. And the rest is history.
Thank you SEC, as based on what I heard, I believe the shorters made a ton of money. And the real investors got screwed because of the SEC's diligence.
Interesting that they weren't so darn diligent with Bernie Madoff when he made off with billions of investors' $$$. How many times did people report Bernie and the reports were ignored until he finally gave himself up. All I can say is, it's a darn good thing that the SEC got JB for his many. many indiscretions - whatever they were. That's just my sarcasm speaking - because I lost many, multi thousands of $$$ on MSGI.
Bacon
