Timmay, those Fund of Funds were wise to avoid you!!
SYKES SAID: "I wanted to impress my new investors with gains, so my fund made a short-term load to Cygnus for $250,000 because it seemed to be an easy way to accumulate added interest without much risk.
...so I invested $75,000 more in exchange for more restricted stock. Unfortunately, the other company insiders never came through with their side of the deal....
Quote from jd1028:
not only did he piss his investors money away with that "loan" but he gave them the right to sit in cement for 18months--no bid so dont ask
SYKES SAID: "I wanted to impress my new investors with gains, so my fund made a short-term load to Cygnus for $250,000 because it seemed to be an easy way to accumulate added interest without much risk.
...so I invested $75,000 more in exchange for more restricted stock. Unfortunately, the other company insiders never came through with their side of the deal....