I did have a good laugh about the out of state law
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Posted On: 07/30/2019 9:45:12 PM
I did have a good laugh about the out of state lawyers.
Another stock I was in had the same thing happen with lawfirm after lawfirm filing the same lawsuit. After that flurry of activity, never heard about it again, I assume because of not being able to find plaintiffs, So in that case all these lawfirms simply faded away, I am sure moving on t the next set of companies they sued. I remember back then finding out the same thing: all these lawfirms regularly filed the same kind of lawsuit against small publicly traded companies, obviously hoping to find that one in one hundred case that would stick! So this is very familiar to me and the last time I saw this happen nothing ever came of the “big lawsuit filings”! They did in that case cause quite a panic and a big drop in the stock that shorts must have known ahead of time and took advantage of. This time was different: it was a “big nothing” in terms of affect on the share price and volume! I bet the shorts were anxiously expecting a big drop in share price that day, LOL!
Another stock I was in had the same thing happen with lawfirm after lawfirm filing the same lawsuit. After that flurry of activity, never heard about it again, I assume because of not being able to find plaintiffs, So in that case all these lawfirms simply faded away, I am sure moving on t the next set of companies they sued. I remember back then finding out the same thing: all these lawfirms regularly filed the same kind of lawsuit against small publicly traded companies, obviously hoping to find that one in one hundred case that would stick! So this is very familiar to me and the last time I saw this happen nothing ever came of the “big lawsuit filings”! They did in that case cause quite a panic and a big drop in the stock that shorts must have known ahead of time and took advantage of. This time was different: it was a “big nothing” in terms of affect on the share price and volume! I bet the shorts were anxiously expecting a big drop in share price that day, LOL!
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