Court Action or Class Action Lawsuits?I was totally wrong on this stock.
The Board screwed all of us and some of us may have been making decisions on whishful thinking.
I can only offer a few observations:
We, the shareholders, are going to lose everything. Did one of the employees get fired / did any of the Board members get kicked off the board in a public way? No -
The Globe reported that it was all Bullock's fault. I'm surprised that they stopped there and didnt go back to Adam for his first sin.
The current management took everyone for a ride, pure and simple. If one of the posters is right they are going to get new shares - I guess for doing such a great job for us all!
Is anyone aware of:
1. any current class action lawsuits that are still open (ie., that we can participate in) or
2. any other lawsuits agains the directors and or employees that people can participate in?
This would apply to either the Canadian or US operations.
As a final item, what happened to the big houses in Toronto that were buying up stock? Have not heard anything from them at all.
Any information would be helpful as it seems that neither the TSE or the OSC have turned cartwheels to help the shareholders. This whole story stinks from beginning to end. But in the end its the poor, stupid, shareholders who get it in the end niavely thinking that the company is working for our common good. Lets take the blinders off, its rape and pillage and when pigs are at the trough all they care about is to gorge themselves. This is disgusting!