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Tuesday, January 14, 2014 1:18:30 PM
... and I have seen the same wit other penny stocks...
I don't like it either but I am realistic about it.
It cost too much for such a low return after an attorney takes his fees, and the client always ends up paying for things like expert witnesses, etc., costs if you loose both to the attorney that you are using and to the victor of the battle who may be entitled to compensation as a result of one's legal action that just didn't work out the way you thought it would... There is little if any value to it in the long run as I see it and I also HIGHLY believe it would be successfully argued in court that the investor is in part, considerably responsible for his/her own actions, inactions and demise.
If there would be any reward from the $$$ risks and costs involved, and I doubt it would be successful, what really would you take home when it is all said and done? And that comes from someone who has lost $20K - $30K over the long run. Never again.
I think the SEC is the best recourse and let the chips fall where they may. If the SEC says no foul, I wouldn't like it either but it is what it is. Lesson learned... Never shall I invest so much in something like a penny stock and as Pf0851 put it, "read what Warren Buffet buys and just purchase that". I has to agree wit him on that one.
But if the SEC does find fault with owvi management past or present, oh well! .. but I think ya cant get around the costs and potential risks associated wit attempted civil action because I think ya still cant get around taking some responsibility fer yourself as the investor who decided when , how much to spend and when or when not to get out of a stock.
Don't listen to the captain n' me parrot. We don't know what we're doin' ! Aaaarrrggghhh !!!
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