I understand where you are coming from but I think your accusation of fraud will be hard to prove. When you say "fraud" you are speaking about an "intentional deception for personal gain." All Jimmy has to say is that he made a mistake in the wording of the PR statement because he did not expect accounting issue, etc. to hold the deal up and he has been working on the deal all this time. Also, being that we now see all of the filings related to the deal filed with the SEC, it would be hard to say he has not been working on it and it is fraud. If you look at the bottom of every PR release there is a wording about Forward - Looking Statements. Every one of them says:
FORWARD-LOOKING STATEMENTS: This release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements also may be included in other publicly available documents issued by the Company and in oral statements made by our officers and representatives from time to time. These forward-looking statements are intended to provide management's current expectations or plans for our future operating and financial performance, based on assumptions currently believed to be valid. They can be identified by the use of words such as "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "would," "could," "will" and other words of similar meaning in connection with a discussion of future operating or financial performance. Examples of forward looking statements include, among others, statements relating to future sales, earnings, cash flows, results of operations, use of cash and other measures of financial performance.
There is just too much wiggle room in the language to say they are committing fraud. I am just saying.
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