PowerLinx Inc (PWNX)

[BillBranum]

Topic one…THE DELUSIONAL COUNTERSUIT

First, I do not engage in personal attacks, nor do I respond to personal attacks. I know some subscribe to the theory of “if you can’t attack the message, attack the messenger”, but I will not play that game.

Now, on to business. There has been a lot of nonsense about a countersuit against the class action:

From F+G http://www.investorshub.com/boards/read_msg.asp?message_id=108195 Schoffer, shareholders should refrain from joining
for the time being and that could possibly kill the Lawsuit... Those who join should also know they're exposing themselves to a counter Lawsuit

From F+G http://www.investorshub.com/boards/read_msg.asp?message_id=108285 In other words, if long shareholders are reluctant to join and too few shares are represented, the lawsuit is likely to be doomed
So far, there is only one lead plaintiff...

From TAfirehawk http://www.investorshub.com/boards/read_msg.asp?message_id=108655 FG, good point, a counter lawsuit is very possible. From my experience in civil suits, a counter-suit always happens. The lawyers want this of course so they can make double the money.

From F+G http://www.investorshub.com/boards/read_msg.asp?message_id=108661 If the Attorneys can't get enough lead plaintiff/shareholders representing a good portion of the outstanding shares, the suit is likely to be doomed. If that happens, countersuits could take place to recover loss of share value, so being a lead shareholder is not necessarily a sinecure...

From F+G http://www.investorshub.com/boards/read_msg.asp?message_id=108844
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...


Why the scare tactics? Why would anyone try to dissuade people from claiming whatever compensation is available if they have been truly wronged? Why? To me, this sounds eerily similar to the “threats” made earlier against “bashing shorters”, the same “bashing shorters” that were warning us shareholders about things that later proved to be true. Could it be possible there is now a new class of truth-tellers, those that know how these class-action lawsuits work, and have been through the process before?

Bottom line….don’t be scared off by the “bashing longs.” Join the lawsuit!!

I posted this 2 days ago: ”I challenge ANYONE to supply a single example of a counter suit, against a class action lawsuit for material, false SEC filings, when the relevant facts have already be admitted to by the defendant. It has NEVER happened, and won’t happen now, because there is no case. The defendant has already admitted to the wrongdoing. The only question is who are the damaged parties, and what will they recover.” There have been no takers, and the challenge still stands.

Bill Branum