Posted On: 04/14/2015 8:32:27 PM
Post# of 43065
Re: AlexSGabor #19223
If I could interject, I've seen the SEC investigate other penny stock scams. It can get expensive and litigation can take years. The SEC has to go through the judicial system just like anyone else--as it should, but that can take time.
I think the onus is on investors to make better decisions. Even if investors made it a practice to ask some basic questions about the value-add, that would probably have prevented this company from ever getting a foothold.
I think the SEC did a great job here--they identified the accounting fraud and showed that the founder was highly dishonest...and did so at what was certainly a minimal cost. Any investors who paid attention saved themselves an additional 95% loss in the stock. Those here who tried to instead turn the tables by crying that the SEC was dishonest, found themselves holding the proverbial bag.
I think the onus is on investors to make better decisions. Even if investors made it a practice to ask some basic questions about the value-add, that would probably have prevented this company from ever getting a foothold.
I think the SEC did a great job here--they identified the accounting fraud and showed that the founder was highly dishonest...and did so at what was certainly a minimal cost. Any investors who paid attention saved themselves an additional 95% loss in the stock. Those here who tried to instead turn the tables by crying that the SEC was dishonest, found themselves holding the proverbial bag.
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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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