And no matter what happens, they never will learn anything.
Don't give up hope! This just in from a former PCBM shareholder.
By: ctla_4_me 08 Apr 2008, 09:14 PM EDT Msg. 700590 of 700745 Jump to msg. #
This from my lawyer's interpretation of the SEC document:
Having read the complaint, my man, you were scammed by Casavant and his ilk. This has nothing to do with naked shorting; in fact, there would be plenty of shares to cover any shorts! The shorts, if any, were right! This was a classic SCAM!!
There were no assets and there were no SEC reports, etc. I blame me for not doing proper due diligence. My only saving grace was that what I invested was a tiny part of my whole portfolio. If we were snipe hunting, we were left holding the bag!
This is why one only should invest in stocks selling for more than $3.00 and that have current SEC filings, etc.
I would say that Casavant and his ilk have spent all of our money and that there will be not much chance of any recovery from them. And, by the way, the SEC has no liability to us in any event.
By: notagolfer0 08 Apr 2008, 10:48 PM EDT Msg. 700660 of 700746 (This msg. is a reply to 700590 by ctla_4_me.) Jump to msg. #
ctla_4me, well, your lawyer is GUESSING! I would think, since no one knows, LOL I think the SEC is playing us! - - - - - View Replies »
By: mt.men 08 Apr 2008, 09:54 PM EDT Msg. 700615 of 700747 (This msg. is a reply to 700591 by ctla_4_me.) Jump to msg. #
ctla To the trash heap for you and your abogado.
By: joesixpack333 08 Apr 2008, 09:55 PM EDT Msg. 700618 of 700747 (This msg. is a reply to 700591 by ctla_4_me.) Jump to msg. #
ctla... seems the report is having the desired effect.. eom
IBAFT:The original team was chased away from completing their goals with threats of prosecution, as they engaged in unlawful acts for the purposes of exposing the naked short.
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