Alkane Inc (ALKN)

[DueDillinger]

fickster- The SEC's enforcement pages are filled with prosecution of the officers of public companies who have misrepresented the facts and defrauded investors. It is not such an unusual occurrance. Nor are totally brazen frauds so unusual either. Search for 'Allen Z. Wolfson' at the SEC or Google for a perfect example. I'm not saying Stunder is in Wolfson's class, but to disregard the possibility is indeed (to use your own word) naive.

We've already seen one relatively minor misrepresentation with regard to Torliefson's involvment. I wrote that one off to puffery. The press release about acquiring more claims was somewhat misleading if you look at the actual dates of the claims and the fact that they seem to be still held personally by Stunder rather than the company.

Stunder's track record in the Ukraine is questionable in my opinion, and I'm referencing the information about Black Sea that we have from its press releases and few SEC filings.

So you see, if you're not biased by having placed a big bet on black, it's not so far fetched to consider that red might just come up.