Real sorry to all you that lost some money on this. I hope it wasn't too expensive of a lesson. Lets take it easy on the rhetoric here though. Give Captain Jim, Curber, Zen, Canplay and others their Props... They warned ALL OF US over and over. They warned us so much, it sometimes became irritating. I will say though that their warnings inspired people like myself, Kevin and Gia to step of the Due Diligence so I for one am thankfull. You saved me around $4,500 bucks after commissions. In the future, you are all welcomed to annoy the hell out of me but you have to save me money! :)
On the flip side, I think Captain Jim is being slightly unfair to insinuate that GIA bares any blame. She didn't make anyone spend their hard earned money. We are all adults here and are responsible for our own actions. I would even go so far as to say that the work that Gia alone did saved a lot of us money. She turned up the heat so high on these pieces of crap that they delayed their R/S until now which allowed a lot of us the opportunity to exit our positions.
Everyone still had a chance to sell at .0001 after they bought the Franchising rights to the Peruvian Resaurant along w/ the other BS acquisitions. We found out that KJ was a puppet for Touchard, they had no office besides in Arizona and nothing they ever said was followed through on. If the site of them partnering with Alan Rothman didn't send you running, nothing was.
For all of you talking about a class action suit, good luck! Most of what happened here isn't illegal but not everything. The only angle I think that might be worthwhile is the INSIDER TRADING angle and the Cellar Boxing. That is your best way in the door if you can do it. This will allow you to get some subpoenas to do some digging through phone records, emails sent, etc, etc.
The guy you should be concentrating on is "Bruce Friedman" as well as Ron Touchard. My money says that he is the guy pulling the strings and was selling into the PR's. I would bet a paycheck that he was "NUBV.MAN" and that he wasn't smart enough to cover his tracks.
Anyway.. It is all a long shot. Basically these guys are going to start the whole process all over again, just like they did prior to NUBV. They are bottom feeders and until someone steps up, the Buffet will always be full.
One last note people.. The PINKS are way to risky right now especially when the NYSE and the NASDAQ are FULLY STOCKED with SICK DEALS. Invest your money in some highly discounted Blue Chips and even some Dow Stocks minus the Auto's. Warren Buffett's mentor, Benjamin Graham once told Warren to be fearful when others are greedy and be greedy when others are feerful. This is the best opportunity in all of our lifetimes to make money investing in some SOLID companies.
Happy New Year
