My guess is.....you know how money can just disappear in beaurocratic red tape. "Civil penalties" will surely go to the gov. The rest?? And who would the claimants be? Hundreds that the SEC hasnt even heard from yet, I bet.....all those that probably got stuck, all those that possibly sold for major losses, all those whose lives were (I can imagine) quite destroyed, all those who can/could financially survive (maybe) but got taken down a hefty emotional (and financial) peg, not to mention the large group of "unsophisticated buyers" who might have wised up in the nick of time but who, for all their time and effort, simply experienced a "lost opportunity".
There may be (identified) $1 mill+ derived from the "defendant's" stock sales, but there were many others besides King, I believe, "sophisticated investors", who benefited enormously and are just as morally wrong to have benefited at the expense of others. But who am I kidding, this is the name of the game, isnt it? I just read the Reminences of a Stock Operator. I only wish I had read it pre-MIDL instead of after.
I miss the gaiety and comraderie that we all had during the "fantasy". |
