I am a survivor MANY 'mistruths'
Would you care to be specific on the MANY 'mistruths' they have told people over the phone. You previously posted you talked to someone.
Why call them?? So they can give you verbal B.S. and make you feel a little better? Has it not gotten thru peoples heads that whatever they say, should be taken with a HUGE grain of salt? Considering the MANY 'mistruths' they have told people over the phone, I fail to see why anybody would call them now, let alone believe anything they say.
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Why call them?? So they can give you verbal B.S. and make you feel a little better? Has it not gotten thru peoples heads that whatever they say, should be taken with a HUGE grain of salt? Considering the MANY 'mistruths' they have told people over the phone, I fail to see why anybody would call them now, let alone believe anything they say.
Now on the other hand..... and yes, this has already been done with 'interesting' results. Call. Ask your list of questions. Cover everything and be detailed. Demand answers. Dig as much as you can. Get them to 'say' as much as you can. Keep detailed records of your questions and their answers to you. Then have your lawyer call. They dont need to give your name, just they are calling on behalf of a shareholder and have been given the legal right to do so. Have your lawyer ask the exact same questions and see how they answer to your lawyer.
You will be quite surprised, to say the least, to hear the very different answers given to Joe Scmoe the shareholder versus the answers given to your lawyer.
MANY different answers given and I mean MANY.
The most telling to me was as a shareholder or interested investor that calls is they will happily tell you "the company did nothing wrong and has done everything legaly and the brokers are not getting the correct info to the TA". Yet, isnt it odd how they will NOT say that to your lawyer and in fact when your lawyer puts them on the spot and says "you told my client the company was not at fault and....."...and they respond and say they did NOT say that, it must have been a misunderstanding, the company has not publicly said we are innocent and the brokers are at fault...and they go on to say 'the issue is still being looked in to'....and they CLEARLY state they are not claiming they are 100% innocent and when asked if the company or third parties related to the company have engaged in any wrongdoing, they state they are 'looking in to that issue and can not comment'...
In any event, I think many will be surprised if they call and then have their lawyer call and see who gets what answers......, but I also suspect the company is aware that it is getting hot in the kitchen, and they must be aware that they are getting calls from people claiming to be shareholders, who may not be..and they certainly must be aware that many are taping their calls to the company...not admissable in court, but certainly any taped conversations can be turned over to the regulatory agencies or used in many other ways......So, I suspect if they even have a few brain cells working, they are going to start being very careful as to what they say over the phone....
Another thing...Call..ask all your questions.....then call back and dont let them know you just spoke to them.....Before you begin your conversation, for legal purposes make them aware that you are recording the phone call.....and watch how quickly they clam up and do NOT give you the same answers they did 30 minutes ago.......
Anyway.....no real biggie...most know that most micros are quite fishy and not 'investments'..they are simply gambling plays....I have made more money on scammy companies that are no longer trading then I will ever make on a big board stock. I am not advocating people buy micros and believe me, I have far more 'blue chip, big board' plays then I do micros and I certainly dont mind the gains I have gotten from GOOG and etc....but these scammy micros can make 1000 - 10,000% gains in a matter of days...heck, I think pavc saw 25,000% from it's low to it's high...of course it gave back 90% and then RS'd and then gave back another 90%.....the point is....this is the casino..not the big boards....98% of micro's are gambling plays and nothing more. HUGE %'s can be made and yep, huge %'s can be lost....that is why it is called the casino.....
So, why people are shocked to find something 'fishy' happening here is a tad odd as most should know 'fishy' is the rule here in the micro arena....The key is, just like gambling...know what to play and when..know when to hold and know when to fold and always remember that the house normally wins for a reason......Good luck to all.....
