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Francois+Goelo

10/02/01 12:42 PM

#12945 RE: bigbizz #12944

>>> Bizz, CEO's that are committing FRAUD,....

I am talking about... Example:

Say a company is cash poor and it's ex-CEO owes it $278,000... To raise capital, the company does a heavily discounted PP, which it wouldn't need doing, had the ex-CEO paid what he owed in the first place...

Now, say the ex-CEO uses the money he owes the company to buy a large number of its heavily discounted shares: in my opinion, it's FRAUD....

...and Fraud can definitely send you to Jail...

Personal Opinion of an Aggrieved shareholder...

F. Goelo + + +