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jmallen

07/15/14 12:06 AM

#2005 RE: Gcasa #2004

Its just some lawyers trying to make a buck. If you see how many PR's the law firm sent out, its a red flag they have another agenda. In the scope of things, it does mean much. Most of the investors from last year made tons of money, so if they can sue it will not be for much and most of the investors will not make claims. Hemp Industry will be huge and this company is set to capitalize in this new market. I mean, really when you look at it the Only thing that has changed since it hit all time highs of $200 is a cheaper share price. The Sales are up from last quarter and I have never let a sharp decline in PPS determine my buying decision. Its just creating a buying opportunity I would not have had otherwise!
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Det_Robert_Thorne

07/15/14 9:33 AM

#2006 RE: Gcasa #2004

Not really going to go anywhere, IMO

During most of the period of time covered under the lawsuits (May, 2013 to March, 2014), the number of free-trading shares very low, maybe 20K - 60K shares. Only about 35K shares traded (total!) between May and December of 2013. That part of the class period covered very few people, and not much money.

Also the stock didn't really take off until late January, based on marijuana hype and the CNBC mistake of showing CANV's stock symbol when they were talking about another company with a similar symbol (or vice versa).

I think that these law firms had a real hard time finding enough "harmed" shareholders to make any legal action worthwhile, because the number that was actually harmed was very small.