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Microcap & Penny Stocks : SEXI: Mostly Fact, A Little Fiction, Not Vicious Attacks
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To: Jim Sward who wrote (3335)10/5/1996 11:43:00 AM
From: Don Lachot   of 13351
 
It is looking more and more like SEXI was nothing but an extremely well executed stock promotion scam, and it has probably been over for some time, except for the final "cashing out" stage, which accelerated recently due to the realization of the schemers that their "scheme" was soon to be figured out by the "suckers" which is us (or was us, as I am sure many have exited by now, as have I). The SEC is a total joke in my opinion for allowing a "wild west" environment where stock promoters and there cohorts can "rob" the public totally legally. Sure, I have heard of lawsuits over matters like this, but what good do they do? Nobody recovers anything close to what they were "suckered" for, if anything at all, since usually there is nothing left to recover. How can you recover something from a company worth less than zero?

Oh, and by the way, my guess is that some of the posters on this board were part of the scam. Another guess, most of our money is probably now in the pockets of those that were issued millions of shares at .20 or whatever. They probably sold slowly all the way down for incredible profits (10s of millions?), which is what caused the continual slide downhill. They sold slowly so as to not cause the price to drop too fast, since they had so many shares to sell. They needed new suckers to sell to, so continued to promote the stock as if SEXI were the greatest company on earth. All the while, they continued to dump. All this is just a guess.
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