Replies to post #15712 on DD Support Board and Research Team

[PLAYER ONE]

I am sure this quote from NIR endeared them to the SEC. Maybe they thought the SEC wouldn't see it:)

"I think the complaint appears to be a stretch in an attempt to justify approximately two years of time and resources poured into the investigation,"

[samsamsamiam]

"NIR and Ribotsky look forward to defending these allegations in court. "

Oh I bet his attorneys are really looking forward to it! Bet they will ask for a huge retainer upfront in CASH! No Promissory Notes for them!


"a fund that had in excess of $800 million in total assets in addition to tens of millions of dollars of fees paid to NIR. "

Well I think we all understand the definition of "ASSETS" when it comes to pennystocks! Most don't exist!


Has this investigation been completed yet? the SEC will be like pitbulls now that they got the scent - as Scion has called it - The Scent of A Scam.

http://blogs.wsj.com/law/2011/06/15/sec-probes-merrill-lynch/

http://www.forbes.com/sites/streettalk/2010/07/09/convicted-analyst-points-finger-at-nir-group-founder-ribotsky/

[janice shell]

The vast remainder of the Complaint "cherry picks" emails from 2007 and 2008 in an attempt to allege that NIR and Mr. Ribotsky mislead a very small number of investors or potential investors about the time it would take to liquidate the portfolio of the NIR funds.

So it's okay to mislead a small number of investors?