Modern Energy Corp (fka MDRG)

[dealerschool2006]

I read the comlplaint from the 40s on down...I had not read it all when I posted a response a few hours ago. My opinion has changed in that MDNO did not send a notice to shareholders to vote on a RS, which is really what happened here(65), AND Scottrade rightfully declares the short transaction void because the RS was not properly authorized and should noy have been issued(66).

MDNO screwed up and as Scottrade implies, MDNO has hardly the $$$ available for a Civil suit.

It sucks, sorry people. I actually got a tip on this one when it was ".50" and I might have bought or not...I hate to see people lose money in situations like this.