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hasher

07/09/09 3:32 PM

#274380 RE: IQ1 #274378

because the senator is a moron who believes the pink sheet BS that all their troubles are caused by naked shorting.

rodgranite

07/09/09 7:32 PM

#274404 RE: IQ1 #274378

Sure it is....

but to explain away their lack of action by assuming it is a secret plot that only longs understand is ridiculous. I honestly believe that they SEC doesn't give a whit about a bunch of greedy shareholders investing in a .0001 stock with no financials and no verifiable business and trading more in a day than both the NASDAQ and NYSE combined.

Some people want to know why the SEC didn't do anything about this when they figured out it was a scam. I want to know why anyone bought this stock or held it when it was obvious it was a scam. The shareholders had all the information that the SEC had.