RE: InfoTVI may think it has no chance, but legal folks think different, from what I understand. In fact they are VERY confident. So as I said, before you accept the word of a company employee, you might want to examine the claim, as well as consider what the company has said and done over the last while. Whether this shareholder holds one share or more, makes absolutely no difference to a claim. It is a CLASS ACTION law suit, so do not delude yourselves about the significance of who has their name on the claim. It is ALL about what took place. In other words my friends, its about the facts. And the facts will be presented. So think carefully about where you think this takes TVI, because personally I think it is very bad news, but is just one more circumstance in a long list, that have brought this company to where it currently sits. Stock price and chart says it all.
When you say the you spoke to Mr. Moon, and he says they were close, this also implies that it is not now close, correct, or not???? If not this stock could easily drop to .01 or less. It was long overdue for a roll back as there are a huge number of shares out. 400 million plus at this point, with obviously MORE coming if a financing were to take place, or in any case some sort of either dilution or giving up percent of assets. Certainly not getting $'s for nothing, especially with the track record and stock out that exists here. Meanwhile other gold stocks look ready to REALLY rock, as the gold price look to be going over $1000 very soon, if not today.
My opinion, probably worth nothing and certainly not advising anyone to do anything is: this is dead money now for sometime, I cashed out and will join class action suit for sure, and possibly do more. My cash out now, has already gone up, and certainly I can make money elsewhere over next very short while, probably as soon as today in fact. If one believes this ever gets sorted out, then there will be time to return, probably at a lower or similar price, as I see it. But that is just my opinion, as every investor has to do their own dd and be responsible for their own choices. All my other gold stocks are looking very good: favorites include ELDORADA along with High River Gold and many others. My Kinross just continues to perform from single digits to now 25 dollar range. My opinion is that both ELD and HRG are future Kinross like performances, for what its worth.
TVI was a great story, maybe has something of value, but I just can't see this management and BOD EVER getting shareholders value, but I sincerely hope for those who still believe, it works out for you.