InvestorsHub Logo
Followers 253
Posts 28379
Boards Moderated 4
Alias Born 07/07/2004

Re: matissehenri post# 64035

Monday, 04/18/2016 8:35:33 AM

Monday, April 18, 2016 8:35:33 AM

Post# of 92567
The goal of those Pennyland class action notices you're asking about is usually to build prospect lists for selling future stock scams. Be warned that Penny firms almost never have assets reachable by [U.S.] courts and the insiders never hold anything in their names. For example, they'll drive leased cars and live in a rented house.

Then there are all the overseas complications. GL finding a lawyer to track down assets that moved thru Panama to Gibraltar and onto Hong Kong. Get to know the term, "Judgment Proof." LOLOL!

I'm a lawyer with decades of successful investing experience (blue chips only). Seen many, many SFIO's

______________________________________________________________
Because the Good Life is Just a Pump or Two Away