Just cannot sell all my shares and actually bought some more this morning in the low .20's. I know it is most likely a scam, but for some reason I cannot get out. To me CSCO dropping $5 a share after earning was a massive short scam, but what can you do? The company does have some value according to past reports. I do wish I knew what the low will be if it is a scam. Will it pretty much go to 0? Or will it stay between 10-20 cents....Who knows? Anyone care to make a comment?
Honestly you are pretty much screwed. Sometimes you'll see a class action lawsuit, but that's only possible if the money made from this scam still exists somewhere in the company. If this was a scam the money is more than likely offshore and hiring a lawyer would add to the losses.
Look at what happened with SpongeTech. Similar thing. I lost all of my money and would have had to pay 10k for a lawyer to help regain some of the 8k I lost to the scam. The SEC are powerless because the legal system has this all mucked up. But hey if they catch the scammers just think...they'll get a few years in prison eating like kings with better health insurance than us. lol