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Re: hot-penguin post# 97376

Thursday, 05/17/2012 11:08:38 AM

Thursday, May 17, 2012 11:08:38 AM

Post# of 116987
I'm not involved in this (I'm here for the great entertainment value that the endless pumps of buyouts/mergers provide) but that share count prob has nothing to do with the case. A lawyer would accept the case based on whether the claims had enough merit that he could secure damages and get his cut from it.

I thought the share count was for 2 reasons:
1) to see if you could join force & own over 50% of the company
2) to see if you had over 300 people to force them to come out of the dark

The 1st issue has no bearing on any suit.

The 2nd requires all of you to get your shares out of street name. If you don't do that then that info means nothing.
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