Western Sierra Resource Corp (WSRC)

[amateurinvestor]

Again, you repeat your obviously false statements in your yellow sticky message. Do I need you to remind you again? Your yellow message should be removed because it is false ! The Alabama authorities did not mention any "victims" or how much money they lost. Instead, the Alabama Securities Commission (ASC) was protecting their right to exist by making an example of Mr. Jenkins to make sure that other people respected their regulations !

Mr. Jenkins' name should not be used to attack WSRC.

I am glad that you now admit that Mr. Jenkins does not hold 5% or more of the company's stock, and you are wrong when you say that Mr. Jenkins is a major shareholder of WSRC. Therefore, claims against Mr. Jenkins and the incident he is involved in have little or no relevance to WSRC but should not go unchallenged.

As lawyernotinvestor pointed out in post 14869, Mr. Jenkins was not convicted of securities fraud and his name should not be used in order to discredit WSRC. His offense is basically equivalent of driving without a license, which is a victimless "crime" if nobody is hurt in an accident.

The claim that Mr. Jenkins is a "convicted securities fraudster" is false for several reasons:

(1) He was not convicted of fraud in a court of law. He pled guilty to a charge that was brought against him, which was equivalent to being charged with driving without a license. There is a big difference between pleading guilty and being convicted in a court of law, as any lawyer will explain.
(2) In financial fraud the victims suffer loss by theft or deception. Who lost money and how much money did they lose in this incident? If there is a "victim" in this incident, it would be the Alabama Securities Commission, whose regulations requiring a broker license before marketing securities was not being followed. In short, no fraud was committed, he simply failed to get a license from the Commission before marketing securities. If no fraud was committed, then he cannot be called a "fraudster".

Your statements about Mr. Jenkins have little or no relevance to WSRC.

You are the one obsessed about Mr. Jenkins, when you should be focused on WSRC. As far as I am concerned, he should not be brought up for discussion anymore.

Apparently, you have forgotten what lawyernotinvestor wrote in his post 14869 so I will copy it here:

Re: gitreal post# 14865

Tuesday, February 22, 2022 11:23:42 AM

Post#
14869
of 17968
Speaking of DD, you obviously have never read the particulars of Mr. Jenkins legal problem. He did not go to trial,he pled guilty to offering securities which were not registered with the Alabama Securities Commission (not the SEC) and selling securities without an Alabama license. He spent 39 days in jail while his case went through the Alabama judicial system. After pleading guilty he paid a whopping $5,674.00 in restitution and was sentenced to time served. This is the equivalent of driving without a license. This "fraud" is your justification for your non-stop disparagement of WSRC??
https://www.al.com/spotnews/2014/02/arizona_man_pleads_guilty_to_a.html


He did not serve 5 years imprisonment, nor was he sentenced to 5 years, he spent 39 days in jail waiting for his case to be processed by the Alabama judicial system. You have still have not provided the names of "victims" and how much money they lost. Do you still want to discuss a case about an incident that happened more than 9 years ago? Time alone makes this case increasingly irrelevant.