Blue I have said it before and I will say it again. I had some of those affected ask me if I wanted to be involved if there was any action against the company and I told them no. I did not buy any shares after 2004. I sold the shares that I held in 2005 or 2006 except for some that I held in another account which I had a sell order on and never check to see if it executed and discovered much to my chagrin in 2014 that I was still in possession of, that for all practical purpose was a turd, turned white with age. At the end of the day this equity cost me a loss of right around 8,000, Far more had I not reacted correctly to what smelled horribly going on with this company in the 04/05 time frame.
That $8,000 or so loss I can say without any reservation may have been the best money I have ever spent. The lessons I have learned watching this stock and the reactions of those that touted every bit of obtuse detail just lead me to dig deep to see if they could actually be correct. In every instance I came away believing that they were being mislead or were misleading others. It allowed me to really concentrate on what was really important and what really matter when it came to these stocks, and this equity failed every metric. From execution to unreliable information to the compensation aspect it was rotten from day one and the only thing that could be counted on was that there was an investor base with deep pockets and a naive view that were there to be taken advantage of time and time again.
Those very investors were the best friend the shorts ever had, and probably the easiest marks those that profited while masquerading as one of them ever had, and will ever have I've got to believe.
It has shaped the way I look at companies I may invest in. It has given me a path forward through mutual funds of all things and what I have found is that, while not only being a pretty damn good investment it has also freed up a ton of time that used to be spent trying to find the next big thing. The irony of that is just look at how well the markets have done over the last 7 years compared to this sinkhole. What a damn shame for these former shareholders....
