InvestorsHub Logo
Followers 0
Posts 1677
Boards Moderated 0
Alias Born 09/07/2007

Re: clem post# 4845

Tuesday, 05/26/2009 5:59:14 PM

Tuesday, May 26, 2009 5:59:14 PM

Post# of 16741
In one post one of your Admins says that 99.9% of all penny stocks are scams, and in another he said iHub would just float away if not for the penny stock boards.

That's a recipe for disaster, especially when this site was purposefully designed to allow certain people control over the discussion. And to charge a subscription fee on top?

The naivety of the admins and mod-squad that I've seen in PM's these past few days is also shocking. There's a real lack of technical knowledge by folks supposedly in technical roles with positions of authority over iHub. How many current Admins were chosen by Matt?

I can't see this going to trial - a jury would throw them under the jail once they realize that people just like them are the targets of these crimes. The only question in my mind is still how far down the rabbit hole the Feds want to go. All it takes is Matt or one of these others to rat out 3 more, who rat out 3 more, who rat 3 more, etc, and the whole house of cards collapses. I'd like to believe the entire iHub archive has/is already available for the Feds to search. If not, it will be soon.

The iHub disclaimer is also moot at this point - especially the no-refund clause. The demise of iHub may come quickly if subscribers started demanding reversals from their credit card companies. No way the no-refund clause can stick now - the people who wrote it were indicted for defrauding those same customers!

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.