InvestorsHub Logo
Followers 0
Posts 2666
Boards Moderated 0
Alias Born 02/25/2003

Re: Raiderman post# 1854

Wednesday, 07/30/2003 8:50:22 AM

Wednesday, July 30, 2003 8:50:22 AM

Post# of 3329
Raiderman, to the best of my knowledge, there is no direct referrence of the speciffic Transfer Agent of Loch Harris in the Final Kudgment, and there is clear and speciffic instructions given to Loch to perform the exchange. The transfer agent is not obliged to do anything the Court orders to Loch Harris. If Loch Harris instructs and provides the funds for, to perform the exchange, than it will be done. Further more, the order is given to Loch Harris (nominal defendant in the case) not to the members of the BOD of Loch Harris (main defendants in the case). So we get back to whether Loch Harris will actually be able and willing to comply with the Court Order. The responsibility of the exchange falls on Loch Harris, not on the defendants or on the transfer agent.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.