Thursday, August 22, 2002 11:46:19 AM
or should have known that they were buying fraudulent stock. While it is not illegal to knowingly buy fraudulent stock, such people cannot expect to legally claim more than they paid for it as damages from the parties who illegally sold it.
It is the position of my family-members that ONLY AMJC (and AMJY) shares purchased prior to the public revelation of the treacherous CD amendment have a valid claim for damages based on the proper full cash-value for their shares. Furthermore, those shares MUST have been purchased without any non-public information.
AMJC (or AMJY) shares held in stock-certificate should be presumed to be held by honest investors unless proved otherwise. Such shares not in stock-certificate should be assumed to be held by dishonest people unless they can prove that they are honest, (i.e. have no non-public information).
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