Cartel Blue Inc (CRTL)

[rscomps]

SEC doesn't usually do much, besides halting the stock. So it'll kill whatever shares people still have left, and Peter gets to keep the money.

I think, a better course of action is a class action lawsuit. From what I've seen so far, he didn't just speculate in his PRs, which would make proving fraud hard. He actually lied, so proving fraud should be easier.

There're lawyers specializing in securities fraud. This isn't a big prize for them, but then, a Bear Stearns only comes about once per decade, and they have to make a living in between :)

So, who's game? If I get 20 people I reasonably believe are serious about this contact me (and I mean serious, not the regular BS you get on iHub, where people're all fired up when they end up being bagholders, and then move on), I'll start contacting law firms. BY serious I mean, you'll have to give me your real-world contact information, as lawyers don't really work with iHub nicknames :)

From what I've observed in pinkieland so far, it's quite easy to get away with securities fraud because noone takes these people to the task. For that matter, people often own more than a half of the float combined (non-voting shares, I know), and still don't exercise their rights as small shareholders. So really, it's your own fault that you let these things happen. Myself, I'm fed up with it.