GREY:CEXPF - Post by User
Comment by
rusty777on Jul 23, 2021 10:25am
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Post# 33595720
RE:Lawyer
RE:LawyerSadly, this is a bit of a wild west and these folks know it. If you take 1000 companies that get sued for this type of behaviour, only about 50 get to court, of those only about 5 get a conviction and less than 1 results in any jail time or funds back to the shareholders (Bre-X is a prime example - everyone moved to the Cayman Islands) so the only folk who gain are the Lawyers - I have yet to see one case where the shareholders get anythiing other than heartache.
The folks that run the show always seem to walk away laughing. I am thinking we are seeing the same sort of thing play out here. There simply is no accountability and the exchange either can't, or won't, do anything.
Its basically legal theft.
Sad, but true
Rusty