Sorry to hear your loan arrangement was so informal. I suggest you call the State Attorney General's office in Slatons state of incorporation (New Jersey is it??) and see what they have to say about it and if you are lucky they may try to resolve it for you especially if you can show fraud and deception. If your method of payment was to GSI or wired to their account you have a bigger problem....if to Slatton personally then you might have a better chance of recovery if you can prove your claim legally. A Class Action Law Suit is
very expensive and reserved for corporations who have lots of assets and deep pockets and who could pay a judgement if one were obtained eventually.....they drag on for years.....3-5 or more and lawyers would not take a CALS on contigency fee arrangement with a Pink like this that doesn't even trade.
Good luck Gene.
In a message dated 12/3/2009 3:28:07 A.M. Pacific Standard Time, support@investorshub.com writes:
gmcgm has replied to a post you made on GSI Securitization, Inc. on Investors Hub:
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before i loaned slaton $23000 in August 2008, with promise that I would receive $28000 within 30 days or less, i cslled my trusted friend for advice as i had never done anything like this before. he told me slaton was a man of his word and i could be sure i would be paid back in the 30 days or less as slaton promised.
my mistake in not getting a promissory note from him was because i trusted too many people, including my friend, but especially slaton as he said 'we need to find a more active role for you in the company - i'd like to have you on the board of directors' and he offered me the position of managing the Argyle operation in San Diego he was in the process of taking over....??? which one of the many lies was that to cheat me out of my money?
you can be sure i have learned my lesson the hard way and also a a very, very expensive one. i've bought four million shares of this s... and also bought a million shares (of the same s...) from my dad's estate for my brothers and sister - and they are all very angry at me and not speaking to me because it is worth nothing ..... NOTHING.
but you (and that POS ceo) can be sure i will not fade away - i will not forget or forgive this deception, injustice and indiscretion - i will haunt him and do my best to expose him for what he is and do my best to bring him to justice until the day he dies. guys, don't kid yourselves, this stock will never trade again. oF course this is IMO, but it is completley due to to a true scam artist - GIL SLATON. be sure of this - i'll start calling my lawyers (of which i have many from law school) to contact the sec or whatever body oversees scam artists like slaton on monday if i am not paid.
Is there anyone that would like to join me in a class action suit?
gene
jersey - feel free to pass on my comments......
gene
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