Thread: A Sad Tale
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Old 11-27-2001, 03:02 AM
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Default Re: A Sad Tale



It's very difficult seeing him pour money down this rathole. It was probably too late but I leveled with him around 2 months ago and gave him a possible scenario where investors were being bilked. I really don't know if they are but there are a lot of shareholder lawsuits on this one (which is typical) and he is pinning his hopes on those. In all fairness there were many warning signs that should have clued him in a long time ago. We all know if he would have just taken the $5000 loss he would have had $22,000 to use to invest and in the long run the $5000 loss although painful would have been manageable. At least today I gave him the idea that if he is hell bent on putting another $2000 into it he might try to get it at a much lower price. Hopefully he'll put in a bid that never gets hit.
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