I too worry about retaining a lawyer. What is the first thing you do if someone starts taking action against you? You scramble to start defending yourself. I am worried that the defense for them would be we knew what we bought both good and bad. We (most of us) intentionally bought a buyer beware company that was not being promoted in any way. That's the bad. The good is the huge money we stand to gain here. I am very long knowing the risk of losing my investment is greatly offset by this huge opportunity of a once and a lifetime case.
Once legal action is taken or even the appearance of legal action by shareholders, I am worried this could start a self defense legal action on the other side, and we will really get lowballed - current share price at time of halt.
For the longs that are here for the big payoff, that will hurt.
Hopefully any action by us, the shareholders is done non threatening, until it needs to be threatening and right now it doesn't. This is what we bought. I don't really even see legal action for anyone to bought the skull and crossbones stock.
Most wouldn't buy a stock in this status, but we have more going for us than most stocks and we were not tricked into buying this so I'd say there is no legal action here.
I get we have rights but how far do rights go with a non reporting CE stock and I am worried this will trigger an action by Chanbond/Carter to get rid of the shareholders; and if we get current price as of now, it seems legal to me but we miss out in the long run.
Also I don't think this is like some halted CE stocks that have actual criminal CEO's and fake promotions that mislead stockholders so I am wondering if the SEC may be more lenient on us as in not halting the stock altogether. I am really hopeful on this. We will at worst end up on the grey market and still trade.
