NEULION, INC. T.NLN

Class Action Lawsuit

[JimWright]

You would expect something from the company in response to this. Especialy given it is about the Board. Afraid this is going nowhere with this hanging over its head. Double down or ditch....that is the question!!

[lscfa]

What a f'ing joke.....2 bit law firm hired by shorters to file a press release. They do not even say in NR what alleged breaches of duty were committed..... https://www.prnewswire.com/news-releases/shareholder-alert-purcell-julie--lefkowitz-llp-is-investigating-neulion-inc-for-potential-breaches-of-fiduciary-duty-by-its-board-of-directors-300274656.html

[gamos99]

Can you back that up? Is this a law firm with a history of frivolous claims spurred by shorters?   I signed their info sheet to see WTF is going on, will post anything about the alleged breaches if I hear back from the firm today. There's smoke, but is there fire? That's the question..

[lscfa]

"We intend to send a letter to the Board of Neulion, Inc.  requesting that they take certain corrective actions regarding certain unauthorized and excessive compensation we believe the Board paid out to their executive officers.  If you are interested in being listed on the letter, please reply and let us know whether you authorize us to proceed on your behalf, according to the

[eric7]

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[Cautiousone13]

IMO Ambulace chasers for sure sounds like. I sold at 1.01 and bought them all back at .929 once i saw it settle down. I've been along for a ride a few times with this stock, but I still think the value is there IMO. Can't wait to see it back to 1.4 :) This at least put some volume out there for people to take notice. Been pretty quiet for a little too long. Once people do their DD, the

[gibbonsj]

You have to think like a crook to understand. There can't be more than 50M shares in the public float. When the 14M shares purchased through the buy back are cancelled that will leave 36M shares. If they increase the number of shares by 200M as proposed but those shares only go to insiders then all that's left to drive sp up is the small retail group but since 200M more shares dilutes eps

[eric7]

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[Seqenenre]

Great insight. Anything's possible! Could it be that another party saw the same angles you did, and put events in motion? 

[gamos99]

This is definitely a concern... the NLN board is under investigation for  potential breach of fiduciary duty. https://finance.yahoo.com/news/shareholder-alert-purcell-julie-lefkowitz-110500944.html

[charm7]

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[gibbonsj]

If you read the most recent MD&A risk disclosure it sets out all the negatives for shareholders associated with Delaware incorporation. The pieces of the puzzel come together in terms of why sp would be falling at a time when shares are being pulled from circulation. This information may instead be in the latest financial filing if its not found in the MD&A. Think in terms of adding 200M

[charm7]

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