it has been a while since i read the original documents
i know in light of what i read, i did not find board posters' assertions that an award of 5 million was certain
if all yall are so sure, i dont get how the share price can be this low
if i am remembering correctly, although whatever particular documents you are referring to may be exclusively about GDGI, the levys definitely had other victims
i dont recall at all if the documents specified how much was successfully seized from them. does anyone know that?
is there any reason to think 100% of what was seized would go to gdgi victims and none to the others? is there more than 5 mill seized? is that money the levys owe the SEC, or money the SEC actually go? do the levys have any monehy left for GDGI to sue them directly? i forget if i knew the answers or what they were. i just remember i was not convinced we were necessarliy getting a bucket of money beyond the debt being eliminated.
i know they took pains to hide some of their assets. i know some were found. i know they spent a lot of money on a lavish lifestyle too.
if indeed it is a sure thing that GDGI gets 5 million in 6 weeks,
and the debt goes away too, leaving only .8 in debt, that is 4 million in cash between what, 250 million shares?
so the book value of just the cash asset net of the small remaining debt and nothing else at all would be .016, a 5x multiple
so what are you waiting for? i think it might be a good idea to sell a kidney or borrow from the mob or worse yet credit card companies or payday loan sharks and buy some more stock if you think that is really true and certain.
just having 2 million in debt go away (or be certain to eventually go away once the levys are in jail and gdgi has money to do some court proceedings if that is what it takes) is pretty damn good regardless of whether we get the 5 million or not
and i would say the we that get 5 million are NOT defined as the company or current shareholders because if you bought after the levys quit messing around, like if you bought under 10 cents a share or so, you are not a victim
investors who held stock during the fraud are the victims
that would be the insiders and those of stockholderes who have been around for a long time
do i want the money that i was defrauded of by the levys to be paid to the company and split among current shareholders some of who bought after the fraud was done and are that are in no way victims and you can see have sort of benefited (from what we all hope is a temporary price cut and opportunity to get in cheap) ...
well, more than i want nothing at all, but rather clearly, it is in the interest of the ACTUAL victims of the levy fraud, some of whom have already sold, that any damages go to the shareholders of the time, not the company or just the current shareholders
but justice is blind and apparently pretty often drunk, so who knows
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