International Precious Metals (IPMCF) Message Board

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Gold/Mining/Energy : International Precious Metals (IPMCF)

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To: Bill Jackson who wrote (23744)	10/30/1997 1:12:00 AM
From: E. Charters	Read Replies (3) of 35569

Well I am neither wagoneering or in need of horses but If Lumbert is litigous he can be no worse than Pat Sheridan. People wanted to know if there was a suit and there are two. I cannot attest to the quality of the suit or its chances of success, but a totally frivolous suit a judge does not have to countenance at all despite what people think about this sort of thing. The legals are not without precedent and perhaps Mr. Lumbert is aware of events to come that will bear out his allegations. Would you be surprised? The major weakness of his trust lawsuit is also its strength. The endless discovery to determine trading patterns. Something is BOUND to be amiss. Its a delight. It may seem hard to prove collusion at first but when Juries have the brokerage trading practices explained and the brokers have to explain why they gave stock to another brokerage and fixed selling and buying prices it will be enough to give a defense lawyer apoplexy. What will seem to be a normal market will get curiouser and curiouser as the the back and forth see-saw of carnival trades to the absolute exclusion of retail investors will begin to look some strange..what's the point the jury will say..until it dawns on them..too bad it wasn't a grand jury... The stock trail should be interesting...if it can be established..it will take 250K of forensic accounting to unravel it in offshore trusts and such.... I think Lumbert it hoping for a scam to surface in the assaying that will correspond with a trading pattern which will allow for a quick kill. That appears to be a possibility. Would you say somebody had salted 121 samples if there was not a shred of evidence? EC<:-}

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