Yes, I would recommend suing BEFORE the hearing and here is why.
It is far more likely to get a favorable settlement by firing a return broadside, backed by facts, against what appear to be charges without specific references of detail on which GTE can defend and prepare, than to go in to that Sept 28 meeting with hat in hand.
Fighting windmills of accusations not propoerly prepared for or defensed against, could be brutal...gievn the apparent mindset of the AMEX at this point.
I do agree with Rock. It is best to stay on a listed exchange if at all possible, without having to cave to some major restrictions. The best way to possibly enter that meeting is with some teeth in your own tiger's mouth.
Otherwise, we get declawed and defanged...IMO.
I am also seeing it as we have not a darn thing to lose by fighting.
M
PS..There is another upside. The hearing would likely be postponed. The big benefit is GTE would get discovery of the exact AMEX charges, and of course other stuff the SEC would love to embrace.
Before dawn there is darkness.
