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LaShark

05/17/01 9:24 PM

#8785 RE: Seahag #8782

Hmmmm, a class action suit against a company with no money. This ought to be good. Best outcome I can see is they fine Rich and the attorney's end up with the money. I am not sure of the stats. but they are pretty bad for shareholders getting any money.

As to this costing a bunch of money to fight. Costs only what you want to spend on the fight.





TAfirehawk

05/17/01 10:06 PM

#8796 RE: Seahag #8782

As we all know, lawyers are like Superman in that they can leap over common sense in a single, but long winded statement.

Obviously this has potential to bankrupt a company like SEVU, but could that happen? YES...will it happen? Unlikely, but who knows.

I believe it is extremely difficult to prove that the PR's were intentionally misleading. BUT IN A CLASS ACTION CASE YOU ARE NOT INNOCENT UNTIL PROVEN GUILTY. That is the scary part.

This company/stock has taken some serious abuse and it won't take too much more before it will NEVER recover.

SEVU MUST comment on this SOON or .... I hate to think about OR

JMHO, TAfirehawk