I look at this whole sanction situation a little d
Post# of 72447
Posted On: 08/22/2016 4:18:51 PM
I look at this whole sanction situation a little differently. As I see it Rosen was irresponsible in their actions and the irresponsible actions the firm took caused damage to both the company and its shareholders. The company has had to devote thousands of hours defending itself because of the actions Rosen took and was forced to retain Ashcroft/Sullivan. That cost is known to be $432,000.
Shareholders have also been hurt substantially because of Rosen's actions and are still losing a substantial amount of money.
I would like to see anyone who can provide documented proof of loss, they sold due to the lawsuit filed reimbursed for their losses. In addition I think all of Sullivan/Ashcrofts billable hours and out of pocket expenses reimbursed by the Rosen firm in cash. This still leaves the longs who did not sell like me uncompensated and diluted by the million shares issued even though the company receives cash upon those options being excercised. So now it would seem fair that the Rosen firm should be ordered to compensate each shareholder via a cash dividend of the exact amount we went down from the date of suit to the date of settlement paid to the shareholders through his brokerage firm. In that way if the brokerage firm is short they will have to pay the shareholder and they may learn an expensive lesson as well. I'm sure the Rosen firm would think very carefully before bringing another frivolous class action. No doubt their malpractice premium would increase substantially as well. Something along these lines seems fair to me.
Go CTIX!!!
Shareholders have also been hurt substantially because of Rosen's actions and are still losing a substantial amount of money.
I would like to see anyone who can provide documented proof of loss, they sold due to the lawsuit filed reimbursed for their losses. In addition I think all of Sullivan/Ashcrofts billable hours and out of pocket expenses reimbursed by the Rosen firm in cash. This still leaves the longs who did not sell like me uncompensated and diluted by the million shares issued even though the company receives cash upon those options being excercised. So now it would seem fair that the Rosen firm should be ordered to compensate each shareholder via a cash dividend of the exact amount we went down from the date of suit to the date of settlement paid to the shareholders through his brokerage firm. In that way if the brokerage firm is short they will have to pay the shareholder and they may learn an expensive lesson as well. I'm sure the Rosen firm would think very carefully before bringing another frivolous class action. No doubt their malpractice premium would increase substantially as well. Something along these lines seems fair to me.
Go CTIX!!!
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