Posted On: 11/10/2014 12:08:05 PM
Post# of 43065
"The "Media Credit fraud" was supposed to result in disgorgement of $millions in ill-gotten gains, if I'm not mistaken, and it was settled for mere fines (and no disgorgement) that were far, far less."
Sure that disgorgement didn't happen after Mr. Bordynuik was caught defrauding investors and, yes, Mr. Bordynuik still has millions of dollars of ill-gotten gains. Is that supposed to give investors comfort??
"The standard for fraud cannot simply be that some investors lost money trading the stock (by buying without reading and considering the risk factors involved in a development stage company side by side with forward looking statements from the company, and by selling without understanding the same);"
...and again, the business was highly misrepresented by Mr. Bordynuik. Investors didn't lose money because of the normal risks, investors lost money because the company's story of $10/bbl oil with offers of WTI-$3 was fake. Fraud is not one of the risks which investors are required to shoulder.
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Sure that disgorgement didn't happen after Mr. Bordynuik was caught defrauding investors and, yes, Mr. Bordynuik still has millions of dollars of ill-gotten gains. Is that supposed to give investors comfort??
"The standard for fraud cannot simply be that some investors lost money trading the stock (by buying without reading and considering the risk factors involved in a development stage company side by side with forward looking statements from the company, and by selling without understanding the same);"
...and again, the business was highly misrepresented by Mr. Bordynuik. Investors didn't lose money because of the normal risks, investors lost money because the company's story of $10/bbl oil with offers of WTI-$3 was fake. Fraud is not one of the risks which investors are required to shoulder.
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Yes, I understand your penny stock also is the real deal, created with the inventiveness of Edison and destined to be the next Microsoft. Yes, I understand that the delays are also only because your company is making their product and/or technology even more revolutionary.
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