CFC-Investor

1 Comment

    • ON: Wed May 7th 04:07 AM
      Commented on:
      An Involuntary Transaction: Why BAC + CFC May Never Close
      As usual the regular normal & small shareholder here gets the shaft and short end of the stick when it comes to recovering anything even if you'd supported and been invested with CFC for years. It so much reminds me of Global Crossing where our advisors said hold on to your stock(and buy more!) as we rode it all the way down and when reorganizaton happened we were thrown over the side with no recourse unless you wanted to be a "new" investor in GC as it came out on the other side as the new GC owing only its credtors and former investors getting NO consideration in the continuing life of GB. I see us getting that same treatment before CFC is done with all regular investors seeing all of their investment vanishing overnight with no rights to what comes out the other end as CFC or whatever new name it has. As usual only the normal & small investor trying to follow the "legal" investing rules are the ones losing the most, hurt the most and recovering zip in the end. Of course our advisors we'd followed (like John Dessuar) take no responsbility for their advice, "you could have sold at any time", yet at no, not one time were any advised to at least take some profit much less sell.... Angry? Hell yes at my advisor, at CFC for saying something they weren't and at myself for continuing to believe there are any honest investment vehicles out there for the long term for any of us "small" guys(fish).
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