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Post# of 346953
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overachiever

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overachiever

Re: Hymanroth post# 327606

Friday, 07/30/2010 11:35:55 AM

Friday, July 30, 2010 11:35:55 AM

Post# of 346953
It's all very terrible. Why kid yourself?

The insiders looted the company.

Forged opinion letters to sell billions of shares of unregistered stock.

Engaged in consistent and numerous dealings which were not at arms length in order to further loot the company.

Did not pay its bills to suppliers.

Lost its licensing agreements

Even lost its factor.

Lied to investors about sales and revenues.

Created fictitious customers in its filings to create false sales.

etc etc etc ad nauseum

all is not terrible, just some of it.

We are apt to shut our eyes against a painful truth... For my part, I am willing to know the whole truth; to know the worst; and to provide for it. --Patrick Henry, Patriot and Hero of the American Revolution

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