Sunday, September 09, 2001 12:56:26 PM
There was a time when a link to a $10K underwater camera may have been vaguely interesting to some, even if only as a reference to the high end of the market SEVU occupies. The difference today is that I don't recall where you have made an objective or balanced post since you performed your overnight change of opinion about this company. As I said before, at least McBride and SEVU have maintained the same stance throughout. You obviously can't say the same.
I love that you think I'm "too cheap" to participate in your little suit. No one likes the PP, but you seem to be ignoring a couple of relatively important questions. For starters, was the PP the best solution available at the time? What would have happened if they didn't issue the additional shares? Which laws did they break?
You may live in the world of bulletin board stocks, but I don't. If I happen to make some money on this (which I have), it's great, but it's not a large enough percentage of my portfolio to waste money on a trivial suit against a source of funding that may be the only reason the company is still in business.
I still question whether your overnight about-face is an effort to distance yourself from McBride in case he is guilty of something, but I'm beginning to wonder if you simply failed to heed your own advice about not investing more than you can afford. Are you so highly leveraged in a BB stock that you find it necessary to sue the company in a last ditch effort to salvage your investment? I obviously don't know the answer, nor do I care. I still think a suit would be counterproductive (assuming it ever happens), although I doubt you can even build a case, so I'm not too concerned either way.
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