I'm wondering about Truckenmiller's involvement in all this. From what I had read, he seemed to have a pretty good reputation in the industry. I have to question whether he would intentionally get involved in something he knew was a scam. I wonder what he would say now.
I have an idea that your assessment is at least somewhat correct. This was the conundrum tempting bottom plays well after the bottom had been played out. Sometimes even good game plans can't buck the odds and that is why as traders we hope for the best and plan for the worst. There is always just too much that we do not know.
On top of the collapsing PPS and weakening stories surrounding the man and the legend, the very poor orchestration of the swan song NDA conference call and then those who touted its credibility was a desperate sucking sound followed by the 3,000,000,000 A/S most likely set up as an escape fund pumped by that last nose picked and scratching Shiva in his last video. Clearly it was done! As investors we were done. The video was funny as he evidently had to get up early for the recording, before noon or something. I love that video as it further proves how silly I was to get sucked into the clowns caper. Well, he no doubt is still living the privileged life as guys like him normally always have a back up plan of substance.
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