RE: RE: RE: Read this carefully,tell me what u all There are a lot of unusual happenings around this stock... one of them being this supposed class-action law suit.
Why would anyone ask for e-mails, or e-mail addresses from investors when a class action law suit doesn't normally operate in this fashion... could it be that this is just someone's smoke screen for something else (possibly insidious), is it just posturing to try and make someone look more important that than are, could it be that someone wants everyone to think that PYN is actually going to trade again?
Here are a series of facts as I know them that I have gleaned from my investment experience over the years. Thats not to say that I couldn't be wrong about one or two little details, but I think I'm pretty darn close:
1. INT is the only secured creditor (fact)
2. The only assets that are (or could be) worth 1.5 million dollars is/are the Intellectual property (pretty much fact)
3. Bids or no bids for the Poynt assets, INT is after the IP and being the only secured creditors they will get them unless someone pays more than $1.5 million for them or the company. (pretty much fact)
4. Even IF someone came up with the cash to buy the PYN assets, there would either be new shares issued (if it was to trade again), or no shares issued (if it became a private company)... (pretty much hard stone cold fact)
5. You cannot sue the trustee... they are appointed by the court to wind up the assets. (hard cold fact)
6. I'd say Thian1 nailed the reality of things in his post about the timelines... I HIGHLY doubt that you'd convince a judge that you were wronged when all the signs were there long before the stock was hauled; and I'd say that you are WAY TOO LATE to do anything about it now; and I'd lay odds that a judge would agree with him. (a fair statement IMHO)
7. Blaming INT or INT shareholders for what happened to PYN is a fools game. I don't think it would take much intelligence to realize that without INT PYN would simply have crashed and burned sooner than it did... all INT's money did, was allow more time for what I'd call unreasonable or unknowledgeable investors to either jump in the game or "average down" with what they already had. Instead of buying, they should have been selling. (In my view, hard cold fact)
IMHO, a class action law suit (or any suit for that matter) would be like phoning a vet to come examine your sick mule after rigor mortise had set in... but hey, if you want to spend $5.00 a share to recover a penny or two per share (at best), be my guest... the lawyers will love ya!