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Jim Letourneau's Blog

Investing, Technology, Travel, Geology, Music, Golf. I think that covers it.

A Shareholder Fights Back... and Wins

Congratulations to Rahamin Amram who settled a lawsuit with Carbon Friendly Solutions. The company last traded at $0.12. Amram claimed that company president, Stan Lis, said the stock would hit $10. (Stockwatch)

There was a wave of carbon "ventures", to use a polite term, several years ago. I was pitched several times on a company that was planting trees in Africa. I had a low opinion of the merits of the project. I upped my retweets of Steve McIntyre and Anthony Watts after that. Shares peaked at $0.95 and now occasionally trade in the $0.08-$0.13 range. While this company has put together some innovative projects, most of their investors have been crushed.