h_grant_h, I would love to say it is good to see you back but unfortunately I can't. No one missed you by the way. Just remember that OJ was found not guilty too. Let me guess, that means he didn't do it!! The deadbeats you refer to on this board have forgotten more about life settlements than you will ever know. No one will be disappointed if you disappear for another year!!
how in the world does the board of directors of this company keep authorizing dividends? This pig is dying and the trust in Gibraltar just keeps getting fat. It is painful to think of the losses that the fractionals are going to incur when all is said and done. Less painful than if I was one of them but painful nonetheless.
This board has been awful quite for a couple of weeks. Calm before the storm? Nothing of significance to discuss? Tired of that same old thing. What do you suppose is going on behind closed doors in Waco?
EF. Not sure I understand your comment that I don't understand why? I think I do understand why. It continues a pattern of touting good news, ignoring bad news and saying #$%$" to regulation, something they claimed many times in the past to embrace. I agree with all of your comments on Pardo and his obsessions but don't know what that has to do with an 8K.
These guys are amazing. I just looked at their web page and there is a large box at the top that says "LPHI Prevails in SEC Lawsuit. Click here to read press release". As I said before, the SEC has to be boiling over the complete disregard for regulation and the "in your face" attitude. Maybe the 8K filing requirements are just a big misunderstanding. That has happened before.
Am I counting the days wrong or have they missed the 8K filing deadline? Its not that material of an event so why bother!!
This company has been silent since November when they issued a press release because they bought 1 policy. Breaking news!! They are well on their way to the billion $$ portfolio the talked about building! Another scam in am industry filled with them. I can't wait for the next big announcement. Buy now, there is only $.01 downside!!
I spent a lot of time in the SEC reporting world and 8ks were for all significant events both good and bad. I guess LPHI believes they are above the rules here as well. Another "in your face SEC" moment. They have to be boiling at the SEC. The downward spiral of this company will continue with the Tx AG appeal !! Couldn't happen to a nicer bunch of guys!!
I have read the press releases. I have read the verdict and I have read the various posts on this board. I see claims of victory by both sides and see evidence of defeat on both sides. It is still unclear to me what this really means for the company and for Pardo and Peden. Someone tell me what they think (or know) happens next. I realize that regardless of he verdict and what happens next, the company is terminally ill and will likely run out of cash before they can ever get a real business back (I doubt that can happen anyway). Was the combination of the SEC rules and the industry too much for the jury to comprehend? Did the SEC not make a compelling case? Are we all wrong and Pardo and Peden are right (I can't believe I actually typed that, I need another drink!!). This bad dream has been going on for too long and I am not sure I am going to wake up happy!!