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Re: weatherbill post# 84364

Monday, 12/08/2008 2:47:28 PM

Monday, December 08, 2008 2:47:28 PM

Post# of 87366
weatherbill, I understand what you are wishing for, but a crash and burn landing never nets the investors a cent. Been caught in two of these, neither of which traded on the pink sheets, (both on Nasdaq.) One had oodles of equipment, offices, and a plant in NJ, all of which were bought after the delisting, by a third party buyer, for pennies on the dollar. All income from the liquidations went to cover the legal transition expenses (the lawyer fees were $1,000 & $1,300 per hour for the liquidation teams). I got nothing out of either collapse, despite repeated attempts, filed letters on time, and jumping through all the other hoops they throw at you, so you might want to rethink your Christmas wish list. I think that as long as the stock still exists there is a chance, though remote, of revival. And class action suits are not your friend, they are only designed to line the law firm's pockets, and put companies out of business, so don't count on that path.
Unless you are shorted out the gazoot, of course, then your post makes sense. GLTA LC

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