Posted On: 06/06/2014 3:51:36 PM
Post# of 768
SKTO. joey: That's the way it has usually worked in the past. Not so sure iequity is going to get away with this apparent fraud, however. The alleged $150 million in "secured funding" that iequity claims could be a tempting target for regulators and other authortiies in a disgorgement action.
It's too bad the investors in SKTO ignored your many warnings and references to the red flags. They chose to fly with blinders on. Their losses are probably in the millions; it's a very sad outcome. There's no point in them wasting energies to resuscitate SKTO/AEGY given the apparent fraud. Instead of wrath against regulators, they should co-operate with them in disgorgement proceedings against the deep pockets. Damaged shareholders' best hope is in legal action against the principals.
It's too bad the investors in SKTO ignored your many warnings and references to the red flags. They chose to fly with blinders on. Their losses are probably in the millions; it's a very sad outcome. There's no point in them wasting energies to resuscitate SKTO/AEGY given the apparent fraud. Instead of wrath against regulators, they should co-operate with them in disgorgement proceedings against the deep pockets. Damaged shareholders' best hope is in legal action against the principals.
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