Rapidscan Imaging

[toddp]

Jay,
I have read the reasons you post as to why the business failed. This doesn't address the issue as to why I purchased shares. I purchased shares because the salesperson lied to me. I was told that Rapidscan was 99% funded in 2006, and that it would close to investments in a few days. I asked the salesperson, and read to them parts of the Deficit Reduction Act. They told me this would not affect Rapidscan.

I was told to expect a 50% return, starting in a couple of months. I heard nothing from Rapidscan, and my calls were not returned. I posted the original disparaging email on Morningstar because what I had been told had not happened, and my attempts at communication were ignored.

I believe that it is quite possible that you were sincere with this business attempt. What you do not realize is that the sales team you hired lied to investors in order to get people to invest. That is fraud.