InvestorsHub Logo
Followers 4
Posts 697
Boards Moderated 0
Alias Born 04/03/2007

Re: topgun1832 post# 300542

Wednesday, 01/13/2010 5:16:50 PM

Wednesday, January 13, 2010 5:16:50 PM

Post# of 311057
SLJB has no assets (and never did), so there is no hope of recovering assets that way. The only hope for shareholders is to recover damages from Petar Vucicevich, Andrew deVries, Steve Sulja and the rest of the thieves who perpetrated this scam. (And let's be clear: SLJB was nothing but a SCAM from its inception.)

Other shareholders have pursued class action suits of various flavors in the past, but the result has been the same: The lawyers said there are not enough easily identifiable and recoverable assets (either of SLJB or the individual perps) to make litigation worthwhile.

Also, any of the ill gotten gains recovered from Petar V. et al will be sold off and used to pay for the investigation, lawyers' fees and the like. There may be a SMALL amount left over that will be distributed to the victims of the SLJB fraud, but it will be pennies on the dollar at best.