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Re: Flip10 post# 286

Wednesday, 01/03/2018 9:38:28 AM

Wednesday, January 03, 2018 9:38:28 AM

Post# of 408
In all likelihood as with most class action lawsuits that are allowed to proceed, a settlement between PMTS and the lawyers (who will end up with a windfall), will occur.

PMTS writes off a one-time hit against earnings. Then everyone moves on.

Actual trials in these situations are very rare.

If and when that occurs the PPS will take a hit. For buy and hold investors it will be a roller coaster. For traders it will be an opportunity to play the news.

A judge already denied PMTS request to dismiss the lawsuit. In all likelihood from this point forth, shareholders won't know another thing until it is all over.

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