Innovation Pharmaceuticals Inc (IPIX)

[loanranger]

Good.

My comments about freeloading weren't directed to you and were made primarily in jest. That said, I expressed that there would be some inequity in a situation where citizens accessing public records were doing so at the expense of others, which is exactly what would happen should Recap be used without providing any Pacer contributions.

The concept that public records access should be free is ideal. Pacer was created by the government (it's Pacer.gov) to save those of us who are interested in a Federal case a long trip up the Courthouse steps (and to facilitate record keeping). The "service" has costs attendant to it...so they need to charge its users a VERY reasonable fee...unless folks feel everyone should pay for it via their tax dollars whether they use it or not.
Recap was designed to allow participants to reduce those very reasonable fees by sharing them. "Freeloading" would apply to anyone sharing in the information without sharing in the funding required to provide it. It CAN be done, but it wouldn't be right, whether the information SHOULD be accessible to the public or not.


ps. The thing that makes this a relevant topic is:
Court: nysd
Docket #: 1:15-cv-07194
Case Name: O'Connell et al v. Cellceutix Corporation et al
PACER case #: 447344
Date filed: 2015-09-11
Assigned to: Judge Katherine Polk Failla
Case Cause: 15:78m(a) Securities Exchange Act
Nature of Suit: 850 Securities/Commodities
Jury Demand: Plaintiff
Jurisdiction: Federal Question