Well the terms have not been made yet, and there will be a claim form that discusses the conditions. Remember, you'll still be able to sue Paul Taylor and even me. There are anti-liability and indemnification clauses in the corporation's articles from 1988, but I think that they are going to be rescinded.
Understand that this is not going to be a Paul Taylor move. I think that the first step will be assuring Paul Taylor is legally out of the picture. Once that is completed, and the legality of issuing shares is investigated (because so many people will be involved, it might be considered a public offering), an announcement will be made.
As far as the percentage of share payout, it will be based on total investment during the time periods determined to be relevant. So it won't matter if you paid .10 or .60, but what will matter is if you invested $10,000 or $60,000.
It will also only apply to shares bought on the open market. If there was a deal with Paul, or the claimant obtained shares as "payment" for some unknown whatever, you would not be eligible to participate.
Remember, for those of you thinking of suing, there's a one year limitations period for securities fraud from the time you reasonably could have known that the company's representations were false. I guess that period would depend on the individual circumstances. But if you do have a claim, I would act quickly.
AI
