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wicked tomato

05/19/10 11:51 AM

#14127 RE: cheechwiz #14124

Stock now fits the LC mold, both LC & his buddy need to be held accountable. I plan on filing a complaint with the SEC concerning
all this mess.
Seems like no one is looking out for shareholders.
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Infromthecold

05/19/10 12:50 PM

#14131 RE: cheechwiz #14124

Nope, nothing there anymore, I'd say. I've been hanging on to far too many shares all through the drama as I had seen no evidence of fraud and I did not think Lord Steinberg would be involved in fraud or taken in by shysters with his background.
Unfortunately I was wrong as we now have real evidence of fraud.
LS apparently now states that he has knowingly misled investors for 8 years by hiding a material transaction that, if true, would effectively strip EGMI of it's major assets and collapse the business. He has been Chairman of the board and signed off on years of filings that gave no hint that the money being accumulated did not belong to EGMI and it's shareholders.
This is simply fraud.