HydroPhi Technologies Group Inc. (fka HPTG)

[greenmachine2]

On the day of the halt I contacted lawfirm: http://pomerantzlawfirm.com and asked them in the name of the retail investors to freeze the company assets till they clarify to us what's going on and what we are up to. Of course no response. A group lawsuit would make the most sense but american law is different from European law. An american lawfirm estimates whether they can win the case or not and if they can make enough profit. IMO the company is simply too small for a lawfirm to be of any interest to them. In Europe you can always sue if you loose all the costs are for you but at least you have the chance to start a case.

The ticker will most likely become caveat emptor the reason why at the moment is unknown but I wouldn't be surprised if it has to do with fraud. If it is fraud I asume a lawsuit will follow your broker has then to give the proper info of your portfolio (HPTG) to the lawfirm.
If there are enough shares subscribed, you can file a lawsuit. The date when the fraud took place is key so shareholders who owned the shares after this timeframe are excluded from the group lawsuit.

You don't have to hold on to your shares you can always sell them (when the lock up period has ended of course) but depending on the policy of the company followed by the halt the pps can make a bounce and then probably dive deeper.

Caveat emptor isn't a death sentence though ticker PHOT went that road and is now OCT Pink again although the pps is dwindling down.

I am not gonna lie it looks really bad.

In case of bankruptcy the tax authorities and creditors always have priority, the shareholders are always last in line. This means a lot of dilution of shares or a bankruptcy ruling and all your money is lost.