On4 Communications Inc (ONCI)

[mikeystrat]

I agree. I don't think they'll bother. The juice won't be worth the squeezing. It's obvious Joe has set Steve up as the fall guy if things go south. They made a lot of money. It was a good scam but now it's time to fold up the tent. As usual, investors don't like to admit when they've been had and won't pool their resources to mount an actual legal attack. Which, to be honest, would be hard to win. The safe harbor for forward looking statements is wide and deep. It's up to the investor to make decisions based on their own investigation. Even though this was particularly egregious and there are many glaring legal infractions. This guy lied about EVERYTHING. It could be argued a person would have to be extremely naive to continue to chase this down the rabbit hole.

You won't hear anything substantial. You might get some tidbits to keep any investors that have significant losses from pursuing a lawsuit. People with large losses are the least likely to sue.