RE:Class action You and many others here just don't get it.No offense intended but class action lawsuit or not,common shareholders will get nothing.What exactly do you people actually expect?A settlement from a company so in debt it barely function?Where do you people actually think a settlement would come from?Law firms only tackle cases where they can actually win and make money...Pro Bono cases are usually only taken on morality issues...not business cases like PLI.
I swear the more I hear about lawsuits and nonsense about jail,the more I realise that we've got more rank amateurs on this BB than knowledgeable investors.Sour grapes from people that lost money on a penny stock and blame anyone but themselves.The writing was on the wall for this company a couple years ago.We just didn't want to accept it.And we all could have sold.Everyone wanted PL gone if memory serves correct,well,the company went down the drain fast immediately after that anyway.Everyone wanted FDA approval,we didn't get that.Idiots on this BB pinned hopes on some stupid voucher as a godsend,well,that didn't happen either....all the while this company was losing big money quaarter after quarter.
No,the truth is simple,the pumping garbage upon this BB kept many from selling and now scapegoats are what everyone wants.
When the truth is the fault for not selling is what you see when you look in a mirror.