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Thursday, February 26, 2009 1:40:19 PM
I agree that a settlement is always preferred. However, the issue here is whether or not the defendants actually have anything with which to settle. I believe the lead defendant tried to get into volutary bankruptcy to hide from creditors. I also believe that the attorneys have been running away at a rapid rate.
Those are not good signs with respect to the ability to get any assets from defendants either in settlement or after a trial.
The past 2 PR's have very few details. They look like attempts to sell shares with comments such as "we had a meeting," "we are going to try to think about new businesses," "we're thinking about changing our name to something such as the 'Let's Make Money by Selling Shares, Inc.'", etc.
Please tell me where I am wrong.
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