It may be the case that he woke up a day late, but that doesn't extinguish the fact that he wrote very positive reports and emails sent to shareholders telling how great things were and how much money we were going to make. I'm sure there were those that invested more money based on the confidence and trust of Mr. Miller. It's no different than some of the boiler room jargon that I've heard in the past except that he seems to be more eloquent and using his position with the company surely has damaged more investors. Shouldn't he be held accountable? What i find incredible is that the FSA has not censored or made an alert to such flagrant statements made by Mr. Miller. Certainly if he was a registered advisor, his license would have been revoked. Making such claims seem to follow what you call a "pump and dump" strategy. All the promises of improving Investors relations and communicating with the public seems to have been an attempt to calm us down and continue the stall tactics. At what point do the investors say enough is enough? When should pressure be applied to get what is rightfully ours? I guess we should just go away placidly and ride into the sunset. No filing of accounts with CH yet? How long will that continue? We are no further ahead than in July. Anyone with any comments?
Regards,
Somshares
Miller provided investment advice without being FSA regulated as required, that is clear from his e-mails that appeared earlier on the thread. Oldoneleg also did his bit in helping promote the stock by telling you all the nonsense about how we were all wrong and me and Anley were 'professional de-rampers' and threatening legal action etc.
The question is what have the shareholders done to have people brought to justice, nothing because they are all sitting around hoping that SOM are, for the first time ever, going to produce the results they have always promised. Just a few more weeks there's a rich jockey going to invest, hold on wait another week or two there's a white knight interested in investing, the list of excuses never stops.
The fact is that the day you sent your money to buy these shares is the day you lost it. To date I have only ever met one SOM 'investor' who actually realised that, everyone else is desperately looking for excuses to believe everything will be OK in the end and many of them have since been scammed many more times for worthless shares like Sparta Matrix or Greencell Technologies. I've no doubt some people have given SOM more money after their claims of not having enough money to file their accounts. Like every boiler room scam these guys are going to bleed you dry.
Is an 'investor' actually going to complain to the FSA about an unregulated person giving investment advice?