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Re: martingale post# 76827

Friday, 11/27/2009 1:12:14 PM

Friday, November 27, 2009 1:12:14 PM

Post# of 118239
Good luck with his assets, though...

I don't think there's much to be had -- at least according to this link:

http://my.wallst.net/profile.php?ID=7307

According to his WallSt.net profile - the service he used to hype up the stock in the spring of '08 - Newton's personal income is less than 50K and his net worth is less than 50K. (This is located under the More Information heading within the "personal" tab.)

Since this information is found in a link on the Web, undoubtedly submitted by Newton himself, it must be current and accurate, rendering it verifiable, right?

I think Newton has gone silent because of pending lawsuits from myself and others launched over the last 12 months. The problem with suing him he is essentially flat broke personally and his companies have no liquid assets to pay damages on investigation.
And who the hell wants any of their junk stock at .0001 if you could get it sold.....which apparantently you can't. So make my day someone, tell me where Newton et al has some assets to go after. Piercing the corporate veil is the next option but it is
more costly, time consuming and the Newtons, et al can always declare personal BK to avoid pending judgements just prior to a final judgement from the court.

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