Re: new Yorkville case
in response to
by
posted on
Dec 03, 2009 06:52AM
I used to post regularly on the FMDAY BB on yahoo to warn about what was IMHO an unsustainable business model, and received every threat under the sun from manic day traders who can been suckered in and were desperate to get out, boiler room operators running pump 'n dump operations and no doubt FMDAY insiders trying to intimidate me into silence whilst they took the money and ran.
Just remember who the NASDAQ people were when this was going on - Madoff and his mates! And just remember who had control of the SEC's activities - George W Bush and his NeoCon friends on Capitol Hill who were perfectly happy to see Wall St turned into a giant casino that robbed small investors blind.
There is only one conclusion here - BUYER BEWARE! If it looks too good to be true, IT PROBABLY IS! No small investor should be getting involved in small cap companies, or worse still, pinksheets - the odds are totally stacked against you and every time someone tries to sell you their mickey mouse stock, the only reason they are bothering to do it is because no self-respecting investment fund manager would go anywhere near it.
Until directors are personally liable, this will go on. People need to go to jail in large numbers, if the regulators are serious about cleaning out the filth. I don't believe they are.