Replies to post #585 on Reward Enterprises (fka RWRD)

[rrufff]

Put all the PR's together and send package to SEC and the state attorney general. Then I'd try to get a local and hungry young attorney who is willing to go after the individual promoters who pushed the company. Somebody got the money. Going after the company is probably a waste of time. Go after the scammers, trace the assets, bring an equitable action that incorporates breach of fiduciary duty to shareholders, accounting, taking unfair advantage of corporate opportunity, trace and reach and apply assets taken from corporate entity, etc.

The form could be either a class action against them or a shareholders' derivative action but avoid the firms that just do "cookie cutter," stuff. You need someone who will trace the assets to the scammers and try to reach and apply them. It's more work than the cookie cutter firms want to do.

[Mikefl]

fontaine101, The SEC probably won't be of any help because this isn't "big" enough for them. I have been down this road before and have filed a derivative action against one of the same persons that is/was involved with this company, (Earl Ingarfield - Bell Investments), who was the CEO of Avid Sportswear and Golf Corporation (AVSG). The suit is still pending. IMO, if you feel that you've been wronged, contact the SEC. Their website has an online complaint form you can fill out. If enough of us keep reporting troubles with these companies, maybe they'll take action. Good luck.