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Monday, February 02, 2009 1:23:42 PM
The financials clealry showed this company was operating at substantial losses.
Many people who sold their practices to ERUC had to sue ERUC in order to retrieve rent and other payments due to them.
There is a long list of people who sued ERUC in order to recoup what ERUC owed them.
ERUC reverseed this stock and has diluted this into the billions once again.
They touted a buyback while diluting.
They touted a preferred share exchange for months that is not going to take place.
They were selling stock to cover losses but eventually ran out of buyers which caused them to start defaulting on their obligations.
There is nothing "wrongful" about it. It's all documented in PR's and their financial filings with pink sheets. I said long ago they were a bankrupt company utilizing shares to bridge the gap between their loss and their obligations.
Evidently I was right was I not?
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