no, this is not a scam, there's only 1 or 2 posters on here that think it's a scam.
some of the longs have been shaken (myself included), and most of that is simply due to the fact that we have all been "screwed" by stock promotors in the past. If Jim only paid the promotors in cash, then that makes it a little better, but still promotors involved will bring some volatility in the sp. Some peeps may like that volatility, but others simply can't handle it.
Me? I'm planning on playing some of the expected volatility until things calm down again. Then I will use any profits I make during the volatility to buy more shares to hold for the long haul.
I still consider myself a long, but I'm taking a short-term approach over the next month or two depending on the sp movements.
River~
