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legalese

05/12/10 1:09 PM

#32676 RE: tommybthe1 #32675

I don't see any reason the SEC will press any charges against Thresher. They started out advising us that the offer was a non-binding letter of intent. Unless there is good proof they CAUSED Senergy to make the offer, knowing it was fake, there just haven't been any laws broken. Even if they actually sold stock into the raise of price (which I doubt) there still are no laws broken. I think those of us who chose to believe the LOI would turn into a purchase are just going to have to take our lumps. My lumps are pretty big, because I was a believer, but I can't blame it on anyone else.