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Re: goodlookindork post# 34337

Sunday, 07/06/2008 10:22:15 PM

Sunday, July 06, 2008 10:22:15 PM

Post# of 35788
If you look at each of the links you gave, it appears that they deal primarily with Broker Fraud cases. You can't sue someone and hope to recover your losses based on your own stupidity. Each of the PR issues by these POS companies are covered by the safe harbor/forward looking statements at the bottom of the respective PR. You see it all the time, companies making exaggerated claims and forward looking statements (look at the GLCC debacle - that scam of a company is issuing bogus PRs 2-3 times a week!)

Now if the SEC is investigating Lancaster & Wadkins, and decides that there is sufficient evidence that a securities fraud has been committed, and opts to press charges, then yes I am sure you could find a SEC attorney to take your case. But even then, it could take years before a verdict is issued (Look at SLJB or BHUB, those cases are still pending in court, a year after hundreds, if not thousands, investors lost their money - tell me how many former SLJB have recovered a dime or those shareholders that had money invested in BHUB when it got halted ever recovered their investment).

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