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Re: razorpockets post# 188618

Friday, 02/11/2011 12:16:54 PM

Friday, February 11, 2011 12:16:54 PM

Post# of 192567
I agree. It seems counterproductive to go after a class action at this time. In a year or less we will know with reasonable certainty if this was a total scam. At that time the statute of limitations will not have come into effect so we could still go after anyone considered a key player in the game. IMO any legal action now will kill any chance of recovery. Regardless of what anyone’s opinion is about scam or no scam no one has conclusive proof of either view at this time. Making decisions based on emotions is absolutely a big mistake. Give this situation some time to become clearer. If in one year the situation is still basically the same as it is now I will join in the suit and throw in some money for legal expenses. But don’t do it now and kill any chance of recovery. Waiting one year hurts no one and any legal action anyone wants to take is still available. Acting now just totally screws anyone still holding shares. I would hate to think that anyone would take this action knowing how many people will lose out at the 100% level on their stock. Bottom line is that a class action at this time will hurt share holders much more than it will hurt anyone that is named in the suit. This is my opinion but it is also a fact!