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Re: Francois+Goelo post# 10578

Wednesday, 08/08/2001 1:44:36 PM

Wednesday, August 08, 2001 1:44:36 PM

Post# of 15369
Let me see if I can explain this so that you and others can understand the facts. Eight separate federal lawsuits were filed against SeaView and Rich McBride. Each of those lawsuits listed a lead plantiff and sought class action status. A judge combined the suits into one suit, listing each of the eight plantiffs as plantiffs in the combined suit. Gotinearly claims that one of those plantiffs, Ann Scheuer, wants to drop out. If his info is accurate, that still leaves seven plantiffs, so the lawsuit is still very much alive.

Just because there are only eight plantiffs listed in the actual lawsuit doesn't mean there won't be seventy, or seven hundred, or seventy thousand plantiffs in the "class," if and when this case is eventually granted class action status. In other words, I don't know how many stockholders got ripped off by SeaView's false PR's and quarterly filings, and neither do you.

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