InvestorsHub Logo
Followers 657
Posts 24630
Boards Moderated 2
Alias Born 07/16/2006

Re: None

Saturday, 03/17/2007 2:38:43 PM

Saturday, March 17, 2007 2:38:43 PM

Post# of 82841
I think everyone here is forgetting that soon-to-come civil suits will take anything left. If CKYS has some kind of liability insurance, that won't work either, as no way on earth will they cover losses for fraud. This company is toast and I expect to see a bankruptcy filing immediately after the announcement of civil action. At that time, I suspect to see the lawyers follow Jim Plant, et al into bankruptcy court in seeing that the suit isn't a dischargable debt under the statute of fraud. There is absolutely zero chance that CKYS will recover. It's over. Hopefully there is some liability on the part of Big Apple and the transfer agent.
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.