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Re: eagleye post# 29841

Friday, 03/25/2011 9:49:12 AM

Friday, March 25, 2011 9:49:12 AM

Post# of 32425
I don't know, people are stupid, I mean they bought "pet rocks". Depending on how wide spread the email is sent could get to 200mill. I am hoping that this message that was sent out was from someone part of the scam and they all end up in jail. My understanding of how these scams work is the company sells shares to a "pumper" at a reduced price, giving the company some cash. Then the pumper sends out messages like the one we got this morning and tries to bump the stock price. Sucking as money as they can out of this dead horse. It is the small investor that gets hosed because they believe the SEC won't do anything for such small time crooks, especially when they haven't even indicted the big time crooks, like Goldman Sach's.

My hope is that my letters to my representatives and the complaint to the SEC finally puts handcuffs on some of the small time crooks. They can't afford to hire good lawyers and hopefully would be easier to prosecute.