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Technology Stocks : PSFT - Fiscal 1998 - Discussion for the next year
PSFT 0.00010000.0%Oct 29 5:00 PM EST

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To: Chuzzlewit who wrote (4491)1/31/1999 12:31:00 PM
From: RetiredNow   of 4509
 
Hey guys, not to rain on your parade, but if you think you'll get anything any time soon or at all, you can forget it. I have lost only about $15K in this stock, which was more than made up for in all the rest of my stocks and mutual funds and am also a part of the suit.

However, I am also part of another suit against TLTK, which commenced 2 1/2 years ago, in which I lost $30K to blatant fraud. The difference is in that case the SEC had already convicted, fined, and sent to jail 13 brokers involved for taking stock and money bribes for touting the stock. As of right now, I still haven't seen a penny.

So if shareholders don't get recompensed for a right out fraud case, you think any of us will get money back from PSFT for a mere misleading of the public wrt to revenue forecasts? Doubt it.

Sorry to be so down on this issue, but I have seen reality and it sux. There is no real justice when it comes to things like this. The best you can do is lick your wounds and try to protect yourself as best you can from it ever happening again.
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