By: fungagain 31 May 2012, 11:42 AM CDT Rating: Msg. 1096620 of 1096811 Jump to msg. #
For the simpletons, here's your summary....
Urbie and crew were the most crooked. Screwed you over, but gave you a free hat. Frizzell is a mediocre lawyer who recognized an opportunity to fleece you by charging each of you a small sum to learn nothing, but give him some spending cash. Kevin West was out of work and recognized Frizzy as a willing partner. He "allowed" Urbie to hand him over the business with an agreement he could get a running start before unfolding stuff. Maheu was an old codger and willing to accept some nice cash for lending his name. Didn't count on actually having to know anything, so quickly bailed. A littany of clowns started running through the ranks at the urging of Keviepoo. They were promised a chunk of money if they just stood there and pretended to be interested. Most learned the truth about the scam and signed a release to keep quiet in exchange for a little more cash. The new guy comes in and actually thinks he's involved with a real company. Continually puts his foot in his mouth because he hasn't a clue what he has gotten himself into. I predict he will soon depart with a puzzled look on his face.
Now, somewhere in between all this, the SEC TRIED to tell you things weren't right, but instead of thanking them, you bit them on the foot and accused them of trying to steal your bone. They gave up, but apparently still have to go into court on occasion to remind you all this was all a scam, which of course you choose to ignore. Oh yeah, the Queen, Pope, and Obama scratch their heads wondering who or what is an Xer. Buffalo Bill rides on. Somewhere is some goofy individual who is ticked that Al never gave him a car.
Keep this post as a reminder whenever the haze reappears over your head.
By: fungagain 31 May 2012, 12:04 PM CDT Rating: Msg. 1096647 of 1096811 (Reply to 1096637 by Kilroy.Sanddfoil) Jump to msg. #
kilroy.....the SEC has worked within the parameters available to them. At one time, all they could basically do was put a temporary freeze on trading. Of course, all of you were offended by this and accused the SEC of manipulation, rather than see it as the warning it was. Out of curiousity, how many of the posters here would still cry foul if Urbie were brought into court? If I recall correctly, the last time in court, Maheu stood up and admitted he had no clue what the heck was going on with the company, and most here claimed it was intentional? C'mon, when are shareholders going to put the blame where it belongs?
It astounds me that almost all here hate Leslie Hakala. Some for doing too much, and some for not doing enough. If the SEC wasn't stopping this for not having all the facts years ago, what's your excuse?
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.