Wednesday, July 30, 2008 11:07:18 AM
After Jame Groves is found guilty of stealing from Spooz and it's shareholders, do you think he will still try to trade without a securities license again? Apparently, he was trading without a license when he was trying to sell SWARM so I'll bet the SEC bars him from trading ever again. Maybe he can hire out as a poster in a chat room?
I don't think Peng He has a securities license but I don't think he was pawing himself off as a trader like Groves was. He is Just a thief.
I know how important it is for you to point out pitfalls to new investors so I know you will agree that it is good to keep reminding new investors of how the pps got so low here. Basically, the delays Jame Grove and Peng He caused when they stole intellectual property from Spooz, forced Spooz to dilute more to defend thier property and to stay afloat.
I'm sure you will agree too though, that It now looks like both Spooz and 141 Capital have landed on their feet and are ready to open for business.
Great news wouldn't you say?
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