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ponzi_implosion

04/01/20 1:47 PM

#337143 RE: Julius Erving #337142

Will the company 'go private' after the revocation?

ssc

04/01/20 4:05 PM

#337146 RE: Julius Erving #337142

People with no understanding of what can happen after revocation shouldn't take on the risk of owning a stock already suspended once, trading on the grey market and SEC pursuing revocation.

Yes shares can be kept but powerless to prevent things like bonuses, profit sharing, new preferred classes of stock, options, salaries and every other type of manipulation imaginable to keep outsiders from even knowing what is going on. Forget about actually sharing in any gains.

I mean seriously, look at what has happened with erhc as a public company. Shareholders have lost everything - twice. The company has not disclosed financials or material events in over 2 years. No shareholder meetings or updates. The company doesn't have a phone. And the shares have stayed below 1/10 of a penny for 3 years.

With a track record like that as a public company, any argument that everything will be ok if it goes private just doesn't hold water.

lovemelongtime

04/01/20 7:59 PM

#337155 RE: Julius Erving #337142

Great advice Doc!!