Scarednomore...
Hello sir and I hope all is well!!! First, good to see you still posting. You seem to be mostly fair and open minded while retaining your positive hope for LOCH/CDEx future. I think if more shareholders held your even keel, more would be accomplished for their own benefit, IYKWIM.
RE:"The one thing I still dont understand is how the boys were able to get through the SEC investigation scott free. After everything that happened, I would have thought they would have been nailed, but as of today, nothing. Do you know why?"
Fair question.
If I might.
While I am no means able to answer for any three letter government agencies, and won't even try, I can give a little insight from "our" perspective.
I won't say LOCH/CDEX and the "boyz" of Boone, Baker, Phllips, Poteet, etc. are necessarily 100% "scott-free"... butt I do believe that without the "remaining" LOCH/CDEX shareholders initiating some sort of action, the SEC, DOJ, etc are much less likely to take significant action on their behalf.
Remember, LOCH/CDEx led to much bigger fish then the boyz themselves.
Let me explain "remaining" LOCH/CDEX shareholders....
There have been many significant settlements between LOCH/CDEx and several groups of shareholders. These settlements have caused significant monetary damage to LOCH/CDEx through the last several years.
These settlements were not taken lightly by LOCH/CDEx... they didn't want any bad press, or lawsuits, or more court appearences, and because of this, much of the PP sales of securties from the last year or so of LOCH, and every year of LOCH/CDEx existance, has gone to pay for them. (Well, along with the huge salaries of Phillips and Poteet, etc who have yet to sell anything of substance).
Might I say that, during a time not to long agao, Phllips' primary job was, in fact, these settlements themselves. Remember, Phillips was LOCH's SEC lawyer during the pump and dump days.
When we, and several others, pursued the legal avenue, and forced LOCH/CDEx to start answering our questions (or we threatened we would take them to court...) we were referred to Malcolm Phillips and Poteet as "subject matter experts" on the LOCH PR's of the pump and dump days. Phllips as the legal approval and defender fo those LOCH PR's and Poteet as the subject matter expert of the technical questions regarding, what we proved to be, the exploitation of the "Billion Dollar Tech" beyond it's true capabilities.
The primary reason Boone, Baker, Phllips, Poteet, etc wished to form CDEx was to have the "remaining shareholders" agree to not pursue further legal action against LOCH/CDEx.
Hence, the name change, the APA, the reverse split and the further dilution of LOCH/CDEx shareholders to even a smaller percentage of overall shares. By no coincidence, the "new" LOCH/CDEx also allowed daboyz to print even more shares, to sell even more PP's to raise even nore capital, to help pay for the settlements already ongoing.
To answer another question of yours... why go public again ?
Believe me, the had to in order to make LOCH/CDEx an attrative PP share someone would want to buy, even at the significant discount. If I'm going to buy a PP share and sell it on the market... I need the liquidity of a real market, even the OTCBB, over a gray market. So the PP share can be sold, and sold for more $$ in higher volume.
Going back to your original question... I do not think Phillips, Poteet, baker, Boone, etc are scott free... butt if the "remaining" shareholders wish for the agaencies to take notice... IMO, the shareholders better get off of their butt and take action and show their disapproval.
Remember, the shareholders voluntarily agreed to the APA, the giving up of right for legal action against LOCH and LOCH further diluting them with the name change to CDEx.
The "remaining" shareholders have never shown any negative action toward LOCH/CDEx's action.
That's gotta happen first, IMHO.
Butt, from my perspective... going on the facts that the SEC is still in communication with those of us who have pursued action against LOCH/CDEx, and the VERY FACT that the SEC, DOJ, etc treat CDEx as just LOCH under another name... well, that tells me they are treating CDEx exactly as if it was still called LOCH, because we all know, that only the name has changed, not the criminals.
My best to you and yours Scarednomore.
~Whew... gotta get back to family.
~Kidd
~out
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