Shearson Financial Network (fka SHSNQ)

[ib12u]

WOW! Just read the entire complaint, PDF'ed at >>


http://www.waldenlawfirm.com/Cases/Shearson/Complaint.pdf


The part that I think raises the hair on their backs-side, is where it mentions the number of plaintiffs likely involved in this Class Action Lawsuit.

LOL!

SHSNQ (or SHSN) will being doing a hell of a lot of account shuffling on this one.

Either they respond by inheriting all those cancelled shares into the NEW (or soon to be) company, or REFUND the "at the time of purchase" market value of all shares bought within the "Class Action" period.

OR

Settle the suit with an amount that when divided by the number of plaintiffs equals about $40.00 bucks -ROFLMAO!

(After the Law firm filing the claim gets theirs skimmed off the top first)



SHSNQ/SHSN will likely find (seek) the most cheapest, easiest ways out of this mess they’ve got themselves in.

And I can almost guarantee SHSNQ/SHSN will likely counter the class action lawsuit against them by Reinstating the alleged cancelled shares into the pending NEW SHSN company.

Legally, this could REPAIR damages and most certainly would be the alternative to shareholders believing they’ll be getting absolutely nothing from shares purchased during the “Class” period.

But even with that, there’ll still likely be a snake on the branch.

The A/S and or O/S may be grossly increased to record-breaking quantities.
That way, upon inheriting or reinstating cancelled shares of SHSNQ into the new SHSN company, the likely massive panic sellers of biblical proportions wont cause the company’s bottom line to fall out from under itself.

OR, they’ll assume those cancelled shares with (punishing) restrictions.
–Wink-Wink!

Now, you may ask, where the hell am I getting this BS about “Reinstating Cancelled Shares”

I’ll sum it up with one word…..MONEY!

Fast Cash settlements for the number of plaintiffs involved would likely be astronomical.

Even the research involving counting the number of shares bought by each shareholder during the “class” period, to figure upon a “NUMBER” to use for the calculation, would be so time-consumingly costly that it would be impractical.

Not to mention, SHSNQ/SHSN may be so tied up in resolving this matter that they’ll likely delay the opening of their new company.

Can anyone take a guess as to how much potential money/capital they’ll likely lose for each and every day that passes with their NEW DOORS –still closed?

Especially at a time when the economy is turning from BEAR to BULL?
(The ship has docked, but, the clock is ticking.)

Putting it all together, reinstating the alleged cancelled shares bought during the “class” period would be the most cost-effective way to resolve the pending class action before it gets a hearing.

SHSNQ/SHSN stands to make out even more for every disgruntled shareholder who’d sell their shares out of anger.

(at .0001 or .0002) –LOL!

Then after a few weeks of mostly “Anger Sells” in the 000’s, another PR comes out and the NEW Company goes platinum.

But most of all, SHSNQ,, or the-then, SHSN, will look like heroes in the market place in the eyes of current and potential investors, for showing that they “CARE” about their shareholder’s intrests.. –Wink-Wink!

And then all will be forgiven and forgotten.
(Shareholder’s Capital Gains tends to do that) –Wink-Wink!

“Would be” investors will be watching them and how SHSNQ/SHSN proceeds further will also determine their overall success among investors who may increasingly decide not to buy their stock if the word gets around.

I do expect the SHSN symbol to be changed, as those call letter sequences may likely be tarnished.

Nonetheless, according to the PDF of the pending Class Actions Lawsuit, there’s a grace period of 60 days to sign up as a plaintiff if you’re among the injured and likely another 30+ days for the hearing.

It’s fair to say SHSNQ/SHSN will likely not open their NEW COMPANY until this matter is settled.

Does SHSNQ/SHSN mind waiting that long?