Bill you missed my point about the countersuit...
I have posted earlier that A@P was boasting of being the force behind the suit and probably acted as he did with the Cooks, by setting them up to do his dirty work, except this time, it's Ann Scheuer... In addition, you have the obvious stock manipulations by NAIB and Co and now, evidence of short covering... You also know that NASD and SEC have been watching intently all along...
If the suit doesn't succeed through insufficient number of shares represented by the Lead Plaintiffs or for any other reasons, then the shareholders - NOT SEVU - would have every right to seek compensation for the loss of value of their shares, as a result of the PR announcing the failed suit, hence the potential countersuit against the Lead plaintiffs...
Even if the suit is recognized as a Class action suit by the Judge and succeeds, where will the compensation money come from?... SEVU hasn't got a dime and I doubt that there is any insurance carried out by the Directors and/or McBride... If McBride has personal wealth and can be persuaded to part with it, it's very unlikely to provide much compensation to the shareholders, after the Lawyers have paid themselves... I know that the Lawyers told you they've done their DD, but that's NOT good enough for me, as it appears to be a Shorters sponsored Lawsuit...
You have till July 16th to come forward as Lead plaintiff and I suggest you control your impulsive nature and wait to see what happens before jumping on the bandwagon...
JMHO, F. Goelo + + +