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Re: areukidding post# 14982

Monday, 09/24/2007 4:57:00 PM

Monday, September 24, 2007 4:57:00 PM

Post# of 15765
I wouldn't wager anything. Nobody is going to save the investors, only the investors have standing to take action for the investors. For instance, you can't save the investors because you said you're not an investor. So where does that leave the investors? They can only help themselves.

The bankruptcy was the closest thing that could have helped the investors because a trustee would have had a duty to take action if he saw reason to do it. But it turned into Corey Ribotsky v. some creditors who Corey made it seem as if they were insiders. So opportunity lost.

Replevin's nonsense about a declaration from Serfdom was self-serving. While it would have been nice for investors to appear in the case, the investors would not join together and put their pocket books up. I know Serfdom spent alot of time talking to attorneys, but nobody would back him with an investment into hiring legal counsel.

Quite frankly, the investors, other than Serfdom and a couple others, aren't very interested in obtaining their money back. So that's where it'll be at as far as "investors" and the claims they have.

As to the players, Paul Taylor and others, I believe action will be taken and is being taken. However, that won't help the "investors" because, again, only the investors can represent the rights of the investors.

For the investors, the only thing my associates can do is argue that the bankruptcy court should not have tossed the bankruptcy without actual notice to the investors who could have then joined the bankruptcy. There's a basis in law for that position. But if the Court agrees, and then notice is given, and no investors take action, then it falls back to the fact that nobody can take action for the investors except the investors -- and the investors are right back where they started -- not that most care.


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