Re: Moving on..
in response to
by
posted on
Jun 20, 2013 04:28PM
Keep in mind, the opinions on this site are for the most part speculation and are not necessarily the opinions of the company WITHOUT PREJUDICE
Thanks very much for your wisdom and strength Stewie, so good to see it represented here again in your posting. An excellent display of the intelligence of this group!
As a result of the decision, I believe we are at a major turning point here in regards to integrity of the markets and even society.I will leave society out of this post, whereas that may possibly be a futuristic aspect.
What the decision did, is really show that the protection agencies have no power to protect shareholders. It clearly shows that there are perhaps many falsehoods in written proclamations and provisions from same. This realization is starting to get digested by participants of the markets, many most likely are shaking their heads and are questioning their own and other investment positions. As this process evolves, I perceive more and more perhaps joining this cause or partaking in their own. This is not dead in the water, on the contraire, I see it growing.
I agree with you fully that the Green Team would have been prepared for any negative outcome of this case. Also, I know that they are learning much in a short period of time, which only enhances their ability at running this company in the future. We are very strong and supportive and this also helps incentavize their foward propulsion. Its imperative that the funding campaign is stepped up and we should be entertaining other means of enhancing this crucial tool, whereas most of us are at this point financially restricted. The crowdfunding avenue is one that I am considering and I again urge other investors to think of other means promptly.
In hindsight, perhaps the media and such avenues were premature in creating awareness, and perhaps now is a better time. If we have to launch a more extensive funding campaign, I consider it prudent to encompass as much of any source as possible. Time is of the essence and perhaps we should widen this effort as much as possible. Initially, and up to this time, as far as I know, our funding was isolated to mostly shareholder donations, I believe it is time to access the niche of new fundraising.
Under these fund raising mechanisms, we would be able to bring more interests in here as well, whereas all the factual information can be presented to the campaign letting each prospective contributor choose if they wish to support or not. If it is deemed that perhaps we have considerable evidence in showing how the Exchange and securities have failed us and also adds questionable protection to any other investor in these markets, some may wish to join and comprise a class action under the Negligence Act.
By this Judges decision being handed down this way, I am going to take that as perhaps a good thing that it was decided this way, the decision only enforces any future legal action for us against those that should have been accountable and responsible, and opens a broader door to allow others to join with similar interest.
For example, if we had 100,000 investors join an umbrella group to take on the market protection agencies, a $100 each would give a pot of $10 million. Any reasonable law firm could most likely find enough reasonable cause under the Negligence Act to pursue and attain a victory worth perhaps billions. This is no childs play as can be seen, I feel something like this happening in the future is becoming more possible everyday.
IMO