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Replies to #8094 on FACT-N-FICTION
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Stogie

03/21/07 10:43 AM

#8102 RE: TenaciousD #8094

Tenacious,

Unfortunatley, I don't think investors will get any monetary compensation for this scam. IF they recover some of JP's illgoten gains, it will be very small and would have to be divided by the millions of shares that were outstanding. Take the $1.5 mill and divide by a few hundred million and you can see there ain't much.

As far as the company itself.....absolutely nothing there to salvage! They simply re-sold a commodity(USB drives). These can be bought anywhere and everywhere. NO solutions to anything!

Do not hold any hope of any patents either. This was yet another outright lie.

All in all, a tax write off that may take years to realize.

All this is from 30 years of experience in the business. Many clients over the years have been caught in these types of scams.

Stogie
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sandvet

03/21/07 10:44 AM

#8103 RE: TenaciousD #8094

Hey TenaciousD...wow, that's a hard one. I don't think that they'll ever come back in value, but it's just an opinion...on the other hand, you won't get much if you sell them...but WHATEVER you do, start gathering up all your trade confirmations in hard copy...that's the first thing any potential legal firms will want in a class action...
Sand