FF, tonto, MM, et al: ....PLEASE take a deep breath......
HOOLLDDD it,........ exhale sl..o..o..w..w..w..l..ly.....
Now prepare a "spot of tea", or some of the hard stuff if the sun is over the yardarm where you are geographically.
FF... waltertx has never mentioned Nabil or Leeban to my recollection here. There are some other "facts" that start as speculation and, if used un-referenced, may become etched in stone, when they shouldn't be.
Let's consider what is fact and what is speculation, ....what is critical, ...and what is not, ....what is doable(short term), ...and what is not.
With these thoughts weaving their way through your conscious mental processes, ask yourself what is really important .......now.
I have lost a total investment due to fraud on the part of a company's officers. You don't get it back. Here, you all have an rare opportunity, even if it is a long shot at this point, to participate in preventing that from happening to you, and similar investors. You are all facing a very tough uphill battle, one with a low margin for success. Nevertheless, it is potentially doable. I personally love an intense challenge, and IMHO I feel that turning this company around is about the only chance you have, other than cashing out today. Then your absolute loss would be fixed.
You've lost so much already, and been backed so squarely into a corner, that I hope you and others will come out fighting, ...focused on the critical attack points, and unrelenting until the beast is neutralized. Keep swinging.
I would certainly like to read a magazine article one day that revealed how a diverse group of investors used a dynamic communication system and coordinated a business/legal strategy to save a company, and their investments. I would like to see your "handles" in that article.
Gathering related information is very important. Keeping it in context is even more important. Separating fact from speculation is important. Keeping focused on obtaining a court appointed Receiver to take over the company is CRITICAL.
Only a Receiver will begin to sort out what is what, where the money is, where the money went, what shares were issued for valid consideration, and whether to pursue company officers legally(excluding actions by the slow to act SEC and Attorneys General of course), if this is appropriate. Existing management is impotent in this area, and probably too busy serving their own interests.
There is a tremendous volume of work to be done. Cleve Powell(lead counsel)and Dick Lee have to pick their battles, for now, due to limited financial resources. There has to be a priority list. The issues and questions you've raised will be addressed in due time, but to protect your investments, the Court appointed Receiver, and getting investors to financially support the FSAAA legal action to make that happen are the #1 and #2 items on the short term "critical" agenda. Understandably, #1 is somewhat dependant on achieving #2.
Stay focused, but keep digging. Gather data that will help down the road and let others know you have it. Just don't expect FSAAA to "tilt" every windmill.
Good luck to you all.
Regards,
Bob. |
