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Re: tippingpnt post# 379

Wednesday, 05/21/2008 6:42:29 PM

Wednesday, May 21, 2008 6:42:29 PM

Post# of 527
As one of the most vocal critics from the start of this company, I believe I was duped into believing that Mordekay, Gilchrist, and Carmichael were the ones running the show. I am willing to admit that perhaps I jumped the gun too quickly and did not give Mr. Brown and the "real management" adequate credit from the start. I am confident that as evidence by their quick and swift action to clean house as well as subjecting themselves directly to the scrutiny of the SEC, was the appropriate move to gain the confidence of investors.

Unfortunately, as you so adequately point out, most start up companies do not have the wherewithall ($$) to fight these scams, especially in dealing with the aftermath and clean up when they are long gone (ref. ABZT, Spooz, etc...):
http://www.sec.gov/rules/petitions/4-500/rdnull071205.htm
http://www.spooztoolz.com/press_details.aspx?ContentID=109
http://dockets.justia.com/docket/court-txsdce/case_no-4:2007cv00356/case_id-489219/