January 26, 2009 by esarsea
I’ve written a couple posts about my small investment in a publicly traded sports drink called Rudy, headed by Daniel “Rudy” Ruettinger. The first post was on August 30th, 2008 and the second post was on November 19, 2008. I hope my posts did not lead anyone to purchase this now worthless stock.
It’s been a long and increasingly ugly story. Rather than take the time to write out everything I’ve since discovered, I’d like to refer you to the Bad Rudy website. Of particular interest are the emails shared there. It may be that there’s some fraud involved. I suspect we’ll learn the truth eventually.
I am thankful I didn’t invest as heavily as I had wanted to. There are others not so fortunate. Penny stocks are always risky, but it’s even worse when the whole thing may be an elaborate scam. Again, only time will tell if there has been any illegal activity going on – but I will be watching with interest.