RE:Your all foolsWell, you may be right. But if you've lost 1/4 million dollars on this stock, like some people have, then another couple of hundred for a smooth talking lawyer might seem like a bargain.
I don't think they have a hope in hell, but give them credit for trying.
Everyone in the oil patch knows that Dawson grows companies fast by overpaying for assets. He takes on too much debt, issues too much stock and hopes he can sell his way out of trouble.
He blew up Computalog, and got fired, and nearly bankrupted Bonus. They were just practice runs for what he did with Tuscany.
The fact that the assets are now worth a lot less than he paid for them is not a suprise to anyone who knows him. Too bad Credit Suisse and a bunch of innocent investors got suckered in.
Time to move on. Get your revenge, but not monetary wise, by reporting his deliberately misleading statements to the Securities Commissions in Ontario and Alberta. That will shut him down for good and prevent others from experiencing the same fate as Tuscany shareholders have.
And you don't have to drum up money to pay a fancy lawyer either. The goverment will do it for free.
Ever heard of the saying " don't throw good money after bad"?