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Wednesday, December 01, 2010 7:39:58 AM
1) Despite their best effort to look the other way the SEC and other Federal agencies are being forced to do their jobs in this arena so there actually is the threat of repercussions for illegal activity, and; The SEC is a joke and doesn't go after someone until AFTER they've robbed thousands of people of their money and most of the time it's because it's "unregistered" shares being sold and the SEC isn't getting their fees. So long as these companies such as Tom's shells SEVA/HCKI & others go the legit way of just reverse splitting and paying their fees, there is nothing really against the law, just legal theft from the hard working person!
2) People are going crazy. Every week you read about someone losing a job and showing up at work later with a gun. It's just a small step from that to having a failed investor track down and murder someone they suspect wrongfully deprived them of their investment funds. There are people that go back into work with guns, yes, but 99.995% of the time those people have never had shares of anything in their life. There also may be other circumstances that you don't hear about outside of them losing their job. Take a look at the JPM/Washington Mutual fiasco. No one from JPM's been shot even though they were able to steal hundreds of billions!
This guy could not give a crap about his shareholders as he's only used them as a piggy bank and to get him out of his failing businesses such as Wisebuys - I've been in SEVA from when he first took over the shell there and saw every BS pump job PR's, twisting of the truth, outlooks, etc. I will stay far away from anything this CEO has his hands in.
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