Equal Energy Ltd EQU

Lawsuit

[Rockefeller2012]

Source:

https://www.marketwatch.com/story/equal-energy-files-suit-against-nawar-alsaadi-and-adam-goldstein-cites-repeated-and-flagrant-violations-of-securities-laws-2013-01-24-1318360

 

This lawsuit alleging violation of SEC rules 13D and 14A are complete bogus. There is no grounds here at all. Just looks like an attempt to throw up road blocks against the activist shareholders group. This is also a waste of Equal's money, much like the hiring of an anti-activist PR/Investor relations firm (Kingsdale) is. If we don't act fast, Equal is going to waste all of the cash they have on things such as these. 

 

May (the AGM) can't come soon enough.

[OptsyEagle]

It's a pretty sad situation when management is allowed to use shareholder money to sue shareholders who are disgruntled with their performance. . Sure wish a regulator would take a closer look at this.  Something is definitely not right. . Just my opinion.  I hold no position in this stock.