Besao, no, Jimmy did not break any laws. People say yes he did when he did no such thing. If he did, the SEC would open a case. So anyone saying he will pay is delusional! People are not mad they lost $500, they are mad because they believed the shares at $.01 (50,000 shares) would rise to $5 on NASDAQ making them $250,000. They blame Jimmy they lost $250,000 not just $500.
Also the roller coaster with MMNFF! I LOVE IT!
As for SGMD, no lawyer will take the SGMD case on contingency and also retailers would instead just dump money into another scam ticker before paying for an attorney to win back nothing. Plus SGMD has no money or assets to take even if a court case was won. You cannot win when SGMD has the disclaimers on their side. I cannot say it enough times over and over. All these disclaimers protect schemes that never pay out or make investors any money, and no one can sue, plain and simple.
Well you can sue, you just won’t win.
Buying an OTC pump ticker is like going to a yard sale and buying a bicycle and the owner says you have to sign a contract that the seller is not responsible for any damages or injury.
You sign the contract (Same as buying SGMD with the disclaimers as the contract). You take the bike to the local bar and get drunk then ride home, pass out on the bike and fall causing injury and damaging the bike.
Then you tell the seller you were injured and the bike ruined and want you money back for the bike and want the seller to pay your medical bills. You call the police or attorney and they say sorry your fault. Buying a pump and dump stock that fails is also the investors fault for the damage to their bank accounts.
Think of it like this at the same yard sale. What if the buyer said you could fall if you get drunk and hurt yourself and damage the bike (Same as SGMD disclaimers) and you say OK ill just be careful and not drink and ride. Then you go out and do the opposite. When you buy into a pump stock’s structure and news that it could be a winner is the same as drinking the booze. Then when you do buy the stock is like getting on the bike drunk and crash.
Pumped news, then buying diluted shares that decline in price.
Buying a bike then get drunk causing damage with no legal recourse.
Both are the buyer’s fault, Stock or a bike.
