[Karen37a]

No, I glanced at the case and GRP has a strong case for fraud as they were effectively fraudulently enduced into a transaction based upon BFS representations. BFS's actions effectively destroyed the value of GRP irrespective of the BFS valuation at the time of purchase. GRP clearly had BFS IPO visions in their head which is why they agreed to an all stock acquisition. But if they did a modicum of due diligence they would have realized a BFS IPO would never happen. That said, BFS's failure to live up their representations the agreement, left GRP to die on the vine. Not only did they violate their representations, they actively sought deals with competing ISOs that would damage the value of GRP. I would add damages for reputation destruction, etc.

I am not going to comment on this in totality...but I believe some did think they were going public because of things they did and said. Just because it's easy for YOU to see it was impossible and me to see that it wasnt a good move, doesn't mean they understood it ...or stock valuations, projections etc. Me and my Investment banking/hedge fund friends had a few laughs as I sat there thinking ...wtf are they doing,, is this real...( as we all lost money/sales and time)

2 years ago I told some it wouldnt happen, people cant see bubbles ahead of time...its like selling a short frog looking woman on buying expensive modeling lessons...(she is a mark)You can tell her untill you are blue in the face "you are 5 ft 2 size 16...models are 6ft tall and size 3 they are ripping you off" she believes her own bs and wont listen...like most.
all pizza place owners believe they make the best pizza.. (wow you make the best pizza how much money do you want.close)

I do not feel bad for people who think they are slick and do not care if brokers or Isos get paid or get their renewals, then have their book taken. Or plot to cut off Isos/brokers and sell/fold etc, then it doesnt work out.

What goes around comes around.

If you steal a married man away ( a cheater) and he cheats on you...what did you expect.

I think they planned on going public and Laplache foiled their efforts and caused the start of everyone's demise,

They missed the window or what you said.


(nondisclosure of the bfs connection to isos after being asked over and over and over is that ok?)


You can tell when an underwriter is on your file...they have a certain style, ask the same questions ask for cetain docs...we knew who was on the back end .