Some nut jobs years ago with the last litigation w
Post# of 11802
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Posted On: 10/19/2019 2:05:37 PM
Some nut jobs years ago with the last litigation were hoping for a dividend. Years ago, and this.... poster... is still crying about it.
The last time it happened was 2016. They went so far as to hire a class action firm. The people who did this were professional. Their advance scouts are back. In 2016 I received a letter to join the class.
Oh, and these guys are organized and have a captain. One less job to apply for. I cannot wait to see the list of Plaintiffs. Stock traders are mostly insulated from disclosing names and addresses, not so in a class action suit. There is Due Process and everything and non-shareholding troublemakers will be exposed. Depositions will be taken of the Plaintiffs and many facts will become known -- more than just name and addresses. Message board posts will be subpoenaed, communications between the parties prior to the litigation will be demanded, all of the dastardly deeds will be uncovered and it will turn out, which is why these things are not used very much today, that the Plaintiffs are probably dirtier than the management they are suing. It will be a mess and in the process the company will spend most of any windfall defending itself and the directors. And during this process which will last two years, no new products will find markets because the markets are not going to take a risk that management that will be called corrupt in the suit may actually be corrupt.
And in the end, what will the "nut jobs" get? Not much at all, if anything. But they will have the satisfaction of putting the nail in the casket started by a bunch of non-shareholding message board posters.
The last time it happened was 2016. They went so far as to hire a class action firm. The people who did this were professional. Their advance scouts are back. In 2016 I received a letter to join the class.
Oh, and these guys are organized and have a captain. One less job to apply for. I cannot wait to see the list of Plaintiffs. Stock traders are mostly insulated from disclosing names and addresses, not so in a class action suit. There is Due Process and everything and non-shareholding troublemakers will be exposed. Depositions will be taken of the Plaintiffs and many facts will become known -- more than just name and addresses. Message board posts will be subpoenaed, communications between the parties prior to the litigation will be demanded, all of the dastardly deeds will be uncovered and it will turn out, which is why these things are not used very much today, that the Plaintiffs are probably dirtier than the management they are suing. It will be a mess and in the process the company will spend most of any windfall defending itself and the directors. And during this process which will last two years, no new products will find markets because the markets are not going to take a risk that management that will be called corrupt in the suit may actually be corrupt.
And in the end, what will the "nut jobs" get? Not much at all, if anything. But they will have the satisfaction of putting the nail in the casket started by a bunch of non-shareholding message board posters.
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