IRAC stuckholders:
By contact with the SEC,,, read the letter below,,, Or they won't say it,, or something else is going on,,, i believe first reaction will be the one,, But let's all get together again,, and let's go for it again,,, we never give up,,,, the more complains the more chance we have to succeed. Normaly 4 people are working on the class action suit,, so let's keep them on support. Yves,,, IRAC Comp Committee Vows Action vs. Nussen
By Jack Burney, Editor in Chief
The IRAC Compensation Committee vowed action against Issac Nussen today.
The Committee is a loose organization of people who are angry about losing money on their ITCN/IRAC stock to a crude but effective secret pump and dump scheme, and are determined to be compensated by Issac Nussen, the pumper-dumper, and to see him the subject of an official SEC investigation.
Jack’s Journal volunteers to provide a forum for the Committee’s communications and news of its activities.
The first act of the Committee: Compile a list of names and e-mail addresses of Committee members.
Members must be ITCN/IRAC stockholders who lost money in the ITCN/IRAC scheme pulled off in secret by Nussen. They must be willing to participate in a class action law suit by the Committee. They must be willing to join e-mail campaigns in concert with other members. Register as a member by sending name and e-mail address to
bedeer@pandora.be
Meanwhile initial requests for an SEC investigation of Nussen and his activities have been sent to the SEC. To date, there is no record of an investigation having been initiated or any class action suit filed. The SEC reply went like this:
“I checked out our database and found no information concerning any enforcement action taken by this agency. I also checked several news sources and found no information concerning the filing of any class actions. However, this does not mean that no such actions have been filed.
“We will carefully consider your request for an investigation. However, we cannot tell you whether or not we will—or have already begun to—look into the issues raised in your letter. This is because the Securities and Exchange Commission conducts its investigations on a confidential basis. We also cannot provide you with updates on the status of your complaint. We know this policy can be frustrating, but it protects the integrity of our investigative process and preserves the privacy of the individuals and entities involved…”
The Committee will seek a prominent class action securities attorney who will take on the case in behalf of all those cheated of their holdings. It will also consider member suggestions as to other actions the Committee might take to achieve compensation and justice.
bedeer.g-o@pandora.be |