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To: BushPilot36 who wrote (26690)7/24/2012 1:33:22 PM
From: PaperProphetRespond to of 53574
 
"...toothless paper tiger..."

I may have to somewhat agree but also defend the SEC. The SEC did an excellent, cost-effective job by showing Mr. Bordynuik defrauded investors with the media credits and that he took steps to hide that fraud. The SEC has to follow due process but, with that investigation, they did the due diligence for any investors willing to listen. That's a huge value-add for the investment community.

At some point investors need to step up and do a modicum of due diligence or thinking for themselves. The pinks are filled with fraudsters and swindlers just like Mr. Bordynuik promising the world to unwary investors but often it becomes very clear over time that those people are dishonest. Most investors wouldn't loan $100 to a neighbor whom they feel is dishonest...but investors will throw thousands of dollars at someone they don't even know who is promising them great returns in a too-good-to-be-true investment. Certainly that doesn't mean those investors deserve to be defrauded but they also need to look out for their own best interests and not be so gullible to believe anyone pretending to have a revolutionary technology.