Man, you're angry! which is likely justified, but there are Two points/ issues here and it's unclear if you lost your money at Standard Reserve or OSPyrite?
1) If you lost you money at OSpyrite then the only person you should be angry at is yourself! Don't Tar the legitimate GBC's with OSPyrites brush. OSPyrite has always been a joke -- unfortunately the joke is on the users! Frankly, the sooner they disappear the better the Industry will be.. 2) Standard Reserve is horse of another color entirely. There is supposedly fraud involved, lawsuits, the fact that E-Gold executives or E-Gold itself was a major owner of SR, etc.. Now, whether the SR problem was handled correctly is open to debate! Personally, I think E-gold Management mad a big mistake the way SR was handled. An executive decision should have been made to cover the losses at SR -- protect the acct holders -- and THEN try to recover the losses on an executive level or write off what couldn't be recovered. Of course the easiest way would have been to send a hit team to Elwyns crib and recover the funds one way or another, but the management at E-Gold doesn't have this kind of pull so lawyers will have to fill in. The reasoning for this is, the SR problem muddies the water for E-Gold -and makes people wonder (reasonable people) : if similar situations arose would they shut down e-gold too? To Protect E-Gold -- they should have stepped up and said: Yeah, the situation got out of control -- we bear some responsibility because we are major equity holders of SR -- and we will see that the accts are settled and We will take the hit here. IF that had been done, E-Gold would have come out of this smelling like roses!! As a matter of fact, a PR man couldn't have engineered a BETTER situation!! All the acct holders would have walked away satisfied, and E-Gold would have been elevated to a level beyond reproach because they stepped in and *did the right thing* and repaired damage that was caused by an affiliate, and EVERYONE would be singing the praises of how E-Gold is rock-solid and you don't every have to worry about your money there!! Before you knitpickers go bonkers,, I am referring to E-gold in the generic sense here and not concerned with the alphabet soup of companies that make up E-gold and SR. Joe Six pack doesn't care about the governance either -- he just knows that E-gold and SR are related at an executive level.. That's my 4cents worth. Bosco... _________________________________________________________________ Send and receive Hotmail on your mobile device: http://mobile.msn.com --- You are currently subscribed to e-gold-list as: [email protected] To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
