Obviously I'm not as smart as I thought I was. I'm pretty well educated and lots of business experience. I read all these reports and followed GBG Finical reports every month. I always thought there was risk but the financial numbers and forecasts were encouraging, plus the investing of large institutional investors with large stock purchases, plus the large loans and underwriting of debt by Credit Suisse....this all made me feel like we had a good thing going. Before I realized it the stock dropped significantly, but Management had reasonable explanations and a recovery plan.....so I held my position and then the bottom dropped out. I didn't lose a whole lot of money and made it all back plus some trading BABA the last 2 years......BUT....I'm totally pissed off that we were lied to, feed bad data and a lot of folks were hurt much more than I was. No one went to jail, no one was held responsible from GBG management or Board of Directors, and none of them probably lost a dollar! We will never know if anyone was fired from Credit Suisse....they should have been....no analyst was probably fired from the large institutional investors....they should have been fired unless they were all in on it. I know that is far fetched and unlikely but the whole GBG story just stinks. I wish I had the $ and resources to dig into this....wake up Credit Suisse, find out what happened, sue somebody and protect your shareholders. Thank again to GPB for keeping this subject alive and posting stuff that reminds me to be more vigilant and trust no one!
