Phoenix Associates Land Syndicate (fka PBLSQ)

[dlaserman]

Agreed.

Do you remember when through gross and willful negligence an American chemical company gassed and poisoned an entire plant and surrounding area? The stock of this stellar company plummeted through the litigation years. Wise people knew that a ) a settlement would be reached, and b) the amount of the settlement would be pocket change for the company. If memory serves, that stock went from 11 to 31 dollars a share when the settlement was announced. Lesson: never bet on the little man in America when it comes to money. Never bet on the courts to dispense justice. Never bet on the institutions to uphold regulations or laws when billions of dollars are in play. Do bet on the players who can game the system and profit from it, IMHO. Cynical, but true. I'm not holding out hope on the SEC. They are paid lackeys of business.

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