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Post by ewe2667613 on Jun 24, 2009 22:18:37 GMT -5
17 Pages Long viewer.zoho.com/docs/npkbbcThis is just the start of things to come, there is only a few of the people listed that have been fined !!! ;D ;D ;D
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Post by kenshin7 on Jun 25, 2009 0:31:24 GMT -5
nice , lets hope he pays it .
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Post by iq on Jun 25, 2009 10:17:11 GMT -5
Even if he pays we're still out 10 times as much money. Where is our $250,000,000 ? Guess something is better then nothing.
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Post by mrsam on Jun 25, 2009 11:18:58 GMT -5
this does not talk about any payment by the sec for compensation due to lack of regulating unless i'm missing something? that's where the real money will come from
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Post by dunlay on Jun 25, 2009 12:45:45 GMT -5
"had no operations beyond Casavant's Las Vegas residence" Crud. I guess this was a bigger scam than we thought. Was there EVER any leases? If everything was "fake", to pull off a scam like this, there has got to be a TON of other people who can be taken down....
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Post by dunlay on Jun 25, 2009 13:04:30 GMT -5
ok, just skimmed this..... BIG concern: one option is to pay the US Treasury -- that isn't going to fly in my book. Alright, rough calculations: The investors were defrauded of 64.2 million, the defendants were ordered to pay (with interest) $31.55 million... and with punitive judgments, $61.1 million total. Now, who believes that these criminals are going to show up with checks totalling $61.1 million in the next 10 days? Who is next in this mess?
Does anyone have any clue as to how we would all collect?
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Post by hungry on Jun 25, 2009 13:14:33 GMT -5
Can someone explain to this hillbilly, how this will trickle down to us investors.
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Post by kenshin7 on Jun 25, 2009 22:02:34 GMT -5
they have asked for it to be dealt with under the fair funds act which returns what they get back to investors, myself i would rather see it go to opening a mine so we all get a better return
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Post by stevepot99 on Jun 26, 2009 2:02:34 GMT -5
did nobody else read page 3 which reads the sold 260 billion shares to 40,000 investors. Where is the other 540 billion shares?
The penalty for compensationis to be determined.
I say take your finger out of the d**e it is going to blow
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Post by dunlay on Jun 26, 2009 7:12:09 GMT -5
I hope that 540 billion shares weren't "counterfeit".... Wasn't there a mention about Helen issuing shares on Edwards' word? I wonder if those are null and void, or if simply that this action only involves the shares that are tallied in it. That would leave the other 540 billion to be discussed in other actions (IMO).
Hey, wasn't there a shareholder identification effort? What ever became of that and the "bonafide shareholder" effort? We responded to the count, so they know who we are, where we are, and how many shares each of us has.
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Post by iq on Jun 26, 2009 13:20:57 GMT -5
Finally there may be light at the end of this tunnel.
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