My guess is the lawsuits won't amount to much of anything for the investors. But, they should be a serious wakeup call to CESV. Time to clean house and get back to business.
It says right in the PRs what the lawsuits are going to base as their prosecution. Some shady deals going on, new management turning over right before a $50 million PP, that kind of good stuff.
HomerRomer: A stock doesn't stay halted for almost 3 months without serious consequences - esp if it involves shady dealings. And judging by what the class-actions are basing it on, it does involve fraud. So the outcome is not going to be good. When it does open it will most probably be delisted and on the OTC BB at the very least if not the pinks. And the price will be set accordingly. It will be like 50 cows trying to get thru a one cow gate.
I also had high hopes for this company. In fact, I felt so confident about them that I also put my family into the stock. Enough said.
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