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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (28464)	10/10/2007 5:32:53 AM
From: Madharry	Read Replies (1) \| Respond to of 78627

I havent analyzed it but i wonder if you netted cash out? they only came public a year ago so i imagine they have quite a bit of cash on their books. Anyway I doubt that the company will survive. Once people have to wait to get their money out who will come back in? Not to mention the lawsuits. I was pretty shocked as an outsider. I mean I cant believe that this guy didnt have an employment contract with the company, and contributing shares to an account to make it profitable, although noble, seems deceptive, unethical, and illegal. I wonder how common a practice it is. I think this is a big deal that has not been covered by the us press at all. If I ever put money with someone else Im gonna make sure I see a copy of the employment contract of whoever is managing my money.