Originally posted by DotComCowboy
Bob,
Based on your above comment, and for the record, it would appear that buyers are not protected on DNF.
All members should pay close attention to this!
DNF will not enforce honest dealing on the board.
If you buy on DNF, you are AT RISK!
BEWARE!
For the record we are always at risk, however when you have a tight-knit community that risk "should" be lowered.
I think we as a community really need to voice our opinion here. This could have been any one of us.
There are a lot of lessons here in this thread, first and foremost when you broker a deal, you actually "put" your reputation on the line. If the deal goes bad, make damn sure you have "procedures" in place to get the money back--possibly even setting up an escrow yourself if the person is making payments.
The other is $7K gentlemen deals are out the door here. Now some of you who are very "risk-adverse" might not have done what DCC did, but there are some people I wouldn't have batted an eye at doing a gentlemen's agreement like this (URLT, Duke, StocDoctor, Beshopula). DCC obviously felt comfortable with Chris's "senior member" status.
Lastly, I think this is a "huge" opportunity missed by DNF not to even give a statement here. Saying, "We won't get involved" won't cut it. Lot's of us spend
(too much) time here already not to at least be given a "these types of Transactions---IF proven fraudulent will not be tolerated on DNF".... Not sure what more you could do other than that, but certainly even DCC deserves better than a one-liner.