Posted On: 06/13/2015 11:47:04 AM
Post# of 43064
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Quote:
Any chance, given all your **documentation**, that you can tell us what the share price was when Seneca was supposed to be able to sell the shares that he had been issued? He asked for an opinion letter in May of 2010 to cover the 151,563 shares that he had been issued for his Pak-It holdings (you remember Pak-It, right? It's in the pile of rubble left in this company's path). He didn't get that letter and it took him 5 years to get ANYTHING for them (not including the 137,500 shares he had acquired separately and that he was also denied access to improperly). On 5/31/10 the shares sold for $1.39 (Exactly 2 months earlier, on 3/31/10 they went for $5.52, but that was before the investing public found out that the company's financial statements were useless and unreliable), so the 151,563 shares that he was entitled to on that date would have brought him $210K plus the other shares value of $190K or a total of $400,000.
Do I have that right?
What is he getting 5+ years later in exchange for having to chase that bum through the courts? I mean besides unwarranted verbal abuse. Tell the people. Explain to us all whose fault it is that he has been issued shares that are now worth less than a dime to replace shares that once went for more than five bucks. Better yet, tell us WHY this company's shares were worth more than five bucks just six years ago and are now worth less than a dime. Tell us how much of that total collapse in share price is Seneca's fault.
Ready, set, go!
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