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matrix

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matrix

Re: jimmym4 post# 233437

Thursday, 05/03/2007 8:17:23 AM

Thursday, May 03, 2007 8:17:23 AM

Post# of 358440
OT: Back in 2005, Pino and some others allegedly flooded the market w/ fake BCIT stock. In Aug 2005, the SEC issued a suspension, and the stock hasn't traded since then. The CEO filed a lawsuit and settled w/ the culprits. Two were dismissed over jurisdiction. Supposedly, shares issued as part of the settlement were given to the DTC, but they wanted more to cover the rest of the FTDs this mess created. The CEO refused.

Last month, he decided to sue over 1,200 investors who traded during this time and allegedly hold street-name stock. This is the petition filed against them: http://www.investorshub.com/boards/read_msg.asp?message_id=18949027 On Monday, claims 2-5 were dismissed by the plaintiff w/o prejudice.


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"We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful."
-- Warren Buffett

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