Thursday, August 02, 2007 1:32:58 PM
numerous Ft. Myers locals have previously reported during prior months that the This Old CEO's House show was the main thing on for quite some time. If you think that's not relevant, that's your perogative, and you can post other stuff to stir debate all you want. If you think the possibility of the CEO running this public company like a private ATM isn't relevant, or a legitimate issue, that's your problem and you can ignore those posts.
http://investorshub.advfn.com/boards/read_msg.asp?Message_id=16072967
http://investorshub.advfn.com/boards/read_msg.asp?Message_id=16106460
here's a post from another board on the issue of the potential abuses by penny CEOs and Cornell of average shareholders. IMO it is as relevant as it gets.
It's not just that Cornell is alleged to be a notorious toxic lender , but companies that engage Cornell become addicted to all the FREE money and thereby become toxic diluters of their own stock .
Free money can lead to careless , even reckless use of that money because more free money is readily available without commensurate accountability to shareholders . One particular stock comes to mind , when that company had an unearned and unwarranted market cap of over $350 million . Vast amounts of more free money from Cornell led to reckless acquisitions and unethical enrichments for insiders via the Company's permissable toxic borrowing acerbated by toxic dilution thereby causing a monstrous drop in market cap to approximately $25 million . Shareholders paid and are still paying a heavy price .
This board should be a must read for ALL investors who own stock in companies that use Cornell because it reflects on a borrowing company's typically poor business practices as well as Cornell's historical disposition for entangling a company's equity into their vice grip .
The SEC should minimally intercede by preventing companies from changing their tickers when reverse splitting their stock so that new investors can know of an offending company's toxic proclivities . At least it would stop the cycle of hiding abuses under a new ticker by the abusers .
http://investorshub.advfn.com/boards/read_msg.asp?message_id=21767713
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