Saturday, February 25, 2012 12:04:11 PM
Next they could file a class action lawsuit and create and move to have a class certified.
Many attorneys would look at this and if they can determine that the two individuals who absconded with these assets and certain board members of ASR have assets to pursue, they may well take on a contingency client.
Right now the stock holders have nothing, and in the opinion of a few learned and experienced individuals with on point experience in this area, this may clean up this mess and create an obligation for the two individuals and ASR's board TO THE STOCK HOLDERS, which by the way, said Board of Directors clearly did not act in accordance with their fiduciary responsibility to the corporate charter or the stock holders...CLEARLY.
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