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Strategies & Market Trends : The DD Maven
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To: waitless who wrote (22)12/1/2005 3:16:54 PM
From: rrufff   of 736
 
Agree with you that often the CEO's are near the end of the line as far as being the real scammers.

Attorneys, promoters, finance people crop up more and more.

I'm going to post about Cornell that is finally getting investigated.

I found a pattern with a law firm that is often involved with shells, Baum Law Firm. They made a big deal about cutting debt. However, they charged I thought very high rates as fees for their work, which was largely boilerplate. As the principal took over the shell and was basically negotiating with himself, the net result was that he wound up with enough shares to dictate the terms of a reverse merger that pretty much wiped out shareholders. I know if I come across that name again, I'll be wary.

The old symbol was ABCI, forget the new one, but I won't forget the name of the law firm.
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