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Re: seth06 post# 98308

Saturday, 01/26/2008 10:45:48 AM

Saturday, January 26, 2008 10:45:48 AM

Post# of 114953
Right now, it looks like Finegan retired after a very short stint as CEO because he saw the nonsense coming from Pedro and Mike with respect to the Fairchild scam. If he is truly as he was billed by the company when he took the job (with some securities experience) then he would know that this latest effort will be looked at as a major violation of US Securities laws.

Cold calling people and trying to sell them PDRs is the kind of thing that will land a US citizen in jail in quick order. They were scrambling to build out support for the con with that crazy website right when Finegan threw in the towel. Even if he had been crazy enough to try to step in and correct all the prior violations of US Securities law committed by MT, this latest scam was most likely way too much for him to want to be associated with.

We are apt to shut our eyes against a painful truth... For my part, I am willing to know the whole truth; to know the worst; and to provide for it. --Patrick Henry, Patriot and Hero of the American Revolution

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