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Saturday, July 23, 2022 5:36:31 PM
Been through this circus a few times....
Everyone that has a legitimate claim and provides the requested documents get back something but nothing close to what we put in and lost.
There will be a formula that can be equally applied depending on a few different factors..... That way no one claim can be allowed to override anyone else's claim..
So just lose that thought altogether IMO.
Just like you I included detailed paperwork of my trades.
I lost 6 figures in this one ....
I'd be happy to see something come back my way....but certainly I have never believed it would be all or anything close to what I lost.
Usually pennies on the dollar is what comes back and due to the small amount recovered...about 5 million...that in fact is what we're likely to see.
People should be thankful to get anything back.
Just went through a long process with another stock that was a slam dunk..patent infringement..and I tried to warn everyone there that this wasn't going to end the way we'd all thought when be bought into the company because of the infringement.
Everything took forever to work through the courts until as it turns out, shareholders were not even part of the infringement settlement and details of the settlement to this date are still unknown as information was supressed.
In the end..shareholders were screwed..as is the case 99% of the time on the OTC.
Again...be thankful in getting anything back from the Freidland Fair Fund.
When you're dead you don't know you're dead. All of the pain is felt by others. The same thing happens when you're stupid.
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