SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Green Oasis Environmental, Inc. (GRNO) -- Ignore unavailable to you. Want to Upgrade?


To: Marlin C. Harmon who wrote (9643)7/3/1998 1:06:00 PM
From: Robert Satkowiak  Read Replies (1) | Respond to of 13091
 
What fine money? There isn't any and there won't be any. Folks this is it. The end. Looks like we were all taken. Since the SEC is suing maybe a shareholders suit is due.

I met with Bill Carroway in Feb. at his office and he told me 2 things that I repeated to only one person, (you know who you are), here there are. A law suit for over 10 million was going to be filed anyday against the law firm that was handling the affairs at the time the SEC stepped in. Well, we can all see that never happened. Number two, he was absolutly positive that the SEC thing was done and over. He specifically told me it was over and that no one was going to be found guilty of any wrong doing. I realize that nobody is guilty yet. But what is that old saying? If it walks like a duck?

Having been a holder of stock and a believer in this company for over 2 years I have to say that today is definetly the low point. I guess I have just come to the realization that I have lost over 30,000 dollars and it looks like it was scam all along.

Sorry about the spellling just too mad to edit.

Rob Satkowiak



To: Marlin C. Harmon who wrote (9643)7/4/1998 6:03:00 AM
From: Bill Fuller  Read Replies (1) | Respond to of 13091
 
Where does the money go, you asked.

The answers are (I believe)
- Fines would not go to Company or Shareholders.
- Recovery of Mrs. Carraway's illegal profits would go to Company under short-swing profit rules (apparently).

Time to remember the old aphorism about
'The wheel of God grinds slow, but it grinds exceedingly fine.'

Getting the case to court could mean two things
(1) Settlement and resolution is imminent, in whole or in part; or
(2) This is the beginning of a long and EXPENSIVE process for the defendants.

If the SEC thought the lawyers or accountants or anybody else were even remotely culpable, they'd be in the lawsuit also.

Bill Fuller