Replies to post #25232 on Pinnacle Business Management (Prev SRCI)

[pantherj]

I think it was all a ruse just to facilitate the dumping of a few hundred million more shares. Look at the volume, yet no long says they bought ... or sold. Changing the name was simply the quickest, least costly way of pumping the dump. I wonder how much AlanC and hoochiekoo made from their inside info. Possibly comatosebrain, too.

[nealgalt]

Ernstage-the problems with the approach of Pinnacle RMing into a clean shell are many.

First, if Pinnacle RMed into a currently reporting shell Pinnacle would still have to bring their books and audits up to date, which would be both costly and revealing of facts they don't want in the public domain.

Second, Pinnacle has liabilities that simply won't go away except for possibly the expiration of the Statute of Limitations on the original fraud revelation. Those liability worries are of course what prompted Vinny Two Toes to move the used car lot into a family trusy and they are why Turino has his house in his wife's name.

What I don't understand is why Hall doesn't simply wash his hands of the whole affair and walk away. If he and Harlan want to run another pump and dump they will need a new group of suckers anyway, so far better to do it with a brand new shell with no history. Tis a puzzlement.