I agree AllinFun - we all know Renee does a *great* service to the Ihub boards.
I cut Renee some slack on her hypothesis generating statements (aka opinions) . I think she was just trying to be helpful;she can't control the cackling mob that follows her around.
There are risks here - but most of us knew that we when put money into a ticker that had a skull and crossbones next to it. Back in college I used to race bicycles - USCF Category 4 aka Crash 4. It was called Crash 4 because of all the newbie guys once packed up in the peloton if they followed too closely or made a dumb mistake could cause several other guys to go down. I don't mind some mad money risk - its a bit of an adrenaline rush really just like racing or any other endeavor with a bit of risk attached to it (remember this was a theme in the movie directed by Kathryn Bigelow - The Hurt Locker). I once met and chatted with Lance Armstrong at the Tour DuPont where I was a happy spectator with a Cat 3 friend (he rode only Colnago frames with top of the line Campy parts) cheering him on. He had won the stage that day and was too young to accept the bottle of champagne that went with the stage win!!
I understand the Delaware state law very well and when UOIP has been Revoked and the shareholders stock is $0 in their account - the private company which is controlled by the insiders - they can vote to amend the articles of Incorporation and terminate the common shares and the retail investors will be wiped out.
There isn't a "special" Delaware state law where the shareholders can't vote to amend the articles of Incorporation - that is hilarious that anyone would believe this nonsense.
Investors should have a fundamental understanding of securities law before investing in a stock that has been suspended - and understand the consequences of a revocation.
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