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Re: Ruellit post# 3

Tuesday, 01/07/2003 11:09:32 AM

Tuesday, January 07, 2003 11:09:32 AM

Post# of 54
Muell....T'was not the SEC that ruined the company. It was the CEO! He did some things that were not ethical to his shareholders, and then dumped the company into bankruptcy and had a fire sale to boot to sell to his creditors cheaply. I went to the auction, and there was no auction. Unfortunately, the product was good, the product was timely, the CEO is an idiot!!
With that said, I did buy many thousands of shares at a quarter and sold at $4.875. Unfortunately again, I couldn't leave well enough alone! It also was the reason I started buying penny stocks. Started listening to a poster named Apemansoul (poor fellow), and believed that they were all easy money. Let it be said, you don't have to hit me upside the head with a rock too many times before I get some sense knocked into me. I consider it all a very valuable lesson.

Derf