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Microcap & Penny Stocks : NVID International

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To: Norma Wilcox who wrote (2508)3/28/1998 11:28:00 PM
From: Cindy Powell  Read Replies (1) of 3244
 
Hello Norma and all,

I agree that the jury system sometimes leaves much to be desired. It's always tough for jurors to gauge deliberateness and judge guilt when hard evidence is lacking and the defense is capitolizing on the "I dunno" defense, "stupidity" and "perception". I personally think that sometimes plain 'ol common sense ought to go on trial in cases such as this, because tis too easy to get off the hook with the playing naiive and playing stupid approach. Common sense judgement and common sense leadership and decision making should be expected on the part of a president of a company. Bunte had several opportunities to challenge the issues of shares outstanding and the bogus new releases before this fiasco escalated into arrests and charges. The fact that he was so stand-offish and negligent in protecting shareholder's investment dollars shows me that he was a knowing participant in illicit and illegal goings ons. I 'spose it is a tremendous responsibility for jurors to feel that their decision may send someone to prison, and decisions that lean toward the heart rather than the head are most often the case with jury trials, it seems. We need jurors that are perfectly balanced between heart and head...and that is impossible. :o) No such thing as perfect.

As far as the whether the system works or doesn't work... I think that sometimes the systems works and sometimes it doesn't work and still again, sometimes it just kinda works. There are too many variables to hope for perfection, and it isn't all or nothing. More important than the actual aquittal of Bunte is the fact that the SEC and Florida Comptrollers worked diligently and aggressively in shutting down the "magic potion" scam and putting NVID to the test. Much was accomplished and Bunte not being convicted is but a small and minor disappointment.

The fact that your friend knew that due to "unusual circumstances" Bunte would be aquitted seems suspect though... Can you elaborate on this at all?

Best wishes to all,

Cindy

P.S. To Arcane Lore
Thanks for the link! It is encouraging to know that the system is at least geared towards change and improvement.
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