Bizops,
When shareholders file class action law suits against their companies it is for compensation for actions that have hurt shareholder value by dubious means. In every case I know of this has been against $100mm+ companies with cash flows to cover liabilities.
We're in penny land right now. There is no cash flows or capital to pay out to shareholders, ITStech is right, anything, even if possible, would only tilt your own investment.
Shareholders can vote for action to be taken, but in this case, Alvin and two other holders easily own the majority, so that's not possible.
If you want to call the auditors, by all means, please do.
I understand your frustration completely. Same boat after all. But I don't believe that's the right fight to consider. I don't know all the precedents here and I'm glad you raised the idea, but I really don't think it's the right solution.
