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Re: paunch13 post# 6295

Sunday, 10/14/2007 7:26:45 PM

Sunday, October 14, 2007 7:26:45 PM

Post# of 58648
I've had 3 experiences like that. Two were involved with illegal activity by management. One went to court, don't know or care about disposition. RMEC. I think the CEO went to jail.

DVINQ still trades but cost me a bundle and the CEO is subject to a class action lawsuit. Been a long time and as part of the action, I still have no resolution. Currently in BK.

MXDY went silent shortly after the SEC halted trading. The case was referred to the US Postal Service and is still under investigation. That one hurt. Under new management, but inactive.

As I have said on many occasions, these types of stock have great risk, great rewards if right, and almost impossible to determine potential due to the lack of verifiable DD.
SharonB