Even more simple. Read post #208972 and look at some of the words used by the SEC in referring to the Whelans. Then use even simpler common sense to determine if shareholders were victims of a colossal scheme to deceive. 62 billion shares, no deals and the pps in the toilet is both the evidence and unacceptable. Not debatable.
Words like ill-gotten gains, $1.8 million in profits, references to a lack of veracity, absurd testimony, all while the rest of us languished in the toilet for a decade, disgorgement, fines, barment.
If the game could move on toward success through prudent management, instead of trying to bleach the Whelan former regime and past to lily white and squeaky clean, we will be further ahead. Can't make a silk purse out of a sow's ear!
There are serious corporate management steps to be carefully considered as described in post 208513. Those steps are a summary that evolved from discussions amongst numerous very bright people - quite a list when one reviews the names, and has very wide support that would surprise many.
Can't imagine anyone not wanting changes that will help all shareholders, mostly the Whelans, climb out of the toilet with a successful BIEL. Seems better for the Whelans to implement remedial steps proactively, than to have numerous shareholders formally complain and demand action by the SEC and have them use words like disgorge, etc., again.
Remember, the many years of incredibly costly charges, distractions and legal procedings with the SEC arose because of a complaint by an irate scoundrel accountant who misrepresented himself as a lawyer and Andy Whelan caught him and terminated him without paying him. How do I know? Andy Whelan told me the details over a number of years. I advised him to give the guy some money to go away. Another, "No". Cost of that "No"? Incalculable!
