Good points thelastclass. Having said that I never said that I went all in with my or my mother's money. What I said was that I put too much of both of our monies into Poseidon. There was a poster I believe who did state much earlier that he had lost 70% of his overall book. Certainly the underwriters and the company themselves pumped this as being a sustainable investment. They even said that on their website until they had it removed last month. Anyways, the lawyers will get to the bottom of it. I have no doubt that when these lawsuits are finished, the company, management, BOD and yes the banks and underwriters will be on the hook. Investors are getting tired of these scams continuously occurring in the Canadian markets...

 When you look at Poseidon's accounting situation, can you even believe their EBITDA or A/R numbers? If it is a scam, and yes I believe it is, what is PSN stock really worth? The only way of knowing for sure what is going on with this company is a forensic audit. We know how that went with Sino-Forest...

Kherson