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Baconmaker

07/23/14 12:42 PM

#8579 RE: Bogwon #8578

Hey Bog - My Comment

Interesting quote from Mr. George Carnellos. That same comment could be re-written as follows...

“The investing public does not have accurate or adequate information about Mr. Madoff's company".

Interesting that they never did anything about him even though many, many, many industry professionals tried to have his company investigated. Yet they ignored the warnings and complaints. It appears if you have lots of bucks and SEC connections they leave you alone and if you're a little company struggling to survive they can roll right over you based on some unsubstantiated complaints - and if they are wrong in their draconian measures - they can then simply continue to ignore you!

We will see if MSGI gets relisted. I hope it does, but based on what the SEC did not do to Mr. Madoff I wonder if MSGI will ever get a fair hearing.

Bacon


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TheDane

07/23/14 12:46 PM

#8580 RE: Bogwon #8578

My faulty memory recalls that MSGI partnered with Franklin Energy, which was a scam operation or committed some kind of fraud. MSGI didn't do any f the other things mentioned as far as I knew or can remember.