RE:RE:RE:RE:RE:RE:Namaste reminds Enron , similar scheme , readbionicjoe wrote: jolanta12 wrote: because of so much accusation Namaste won't get a financing , so what then?
they will go bunkrupt!!!!
You said it yourself, they are accusations. You do know there is such a thing as false accusations don't you? That does not make SD guilty of anything. Is he so stupid that he would put his company in harm's way by doing something illegal that anybody with a little digging could later expose him? What about those lawyers doing the transactions and advising him. Did they all look the other way while all this alleged fraud was going on?
You tell this board you sold at a loss but you sure are persistent in pushing unsubstantiated claims. Could it be you're looking for a better entry point to take advantage of the sp when the charges are proven invalid?
I repeat once again. The company must put out a NR before the markets open again stating their side of the story. They cannot allow a brush fire to escalate into a full raging inferno. Political candidates learned a long time ago to answer any inflammatory accusations made against them by the other side right away. Those who played Mr. Nice Guy and felt the mud slinging was beneath them invariably lost. Quiet period or not these charges made by one of the most infamous shorters in America must be answered by the company and not 6 months later in a court of law.
Fraud IMO is much too strong a characterization though for a famous shorter and his message board minions it helps to use that kind of extremist language to gain attention.
Is there anything to the charges? Maybe there was a grey area where SD took some bad legal advice but to deliberately try and defraud the market or its regulators than is it plausible that he would throw away all that he's worked for in building up this company from scratch for what essentially was a minor offshoot of the company?
War has been declared by the shorters who are trying to ruin a promising company. It's not like SD cooked the books or stole investor money so why the hit on the sp to the degree that it has? And how can you win a lawsuit based misinformation given to Nasdaq when there is no guarantee that a Nasdaq listing would result in a better sp for the long term anyway? Look at CRON.T. It's questionable if a Nasdaq listing helped them.
Speak up SD. Investors are waiting to hear from you and forget the niceties.