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Re: PennezFromHeaven post# 18041

Wednesday, 06/09/2010 4:33:04 PM

Wednesday, June 09, 2010 4:33:04 PM

Post# of 22746
When you buy stock you assume the risk of whatever happens to the company and your shares. The SEC's job is not to protect you it's to protect others who haven't jumped in the boat yet. The difference with people who are able to recoup some of their money ,like say Enron/Madoff, is that those companies, although fraudulent, did have money sitting on their books and did have assets to liquidate. Look at ACLH's financials; if you are FINALLY able to accept the fact that it's a shell then you'd realize lawyers are not going to want to pursue a case where there's not much of an $$incentive$$. Shareholders usually get their money back when it's a high profile company that has gained a lot of media attention which forces either the SEC to do more or attracts a lot of hungry lawyers...you're on pinks; most of the stocks are scams/pumps. Brush it off and move on. As far as prosecution goes...I expect that to happen but there will likely be a lot of stalling from the company's legal team before that happens.

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