Replies to post #300721 on NanoTech Entertainment Inc (NTEK)

[shajandr]

Better to suffer the damages from the ongoing activity until the end date. So you hold and push out the end date as long as possible to include more bad acts by the company and DaFoley™. Increases the damages period too. More evidence, bigger damage claims, better (longer) period covered for discovery.

The munny is already lost. You want the period that the lead plaintiff covers to be as long as possible to sweep in as much dirt and bad acts as possible.

[DangFool]

A lawsuit against the corporation itself would yield nothing, as they're severely in debt.

Can you explain why someone should hold on to ntek shares if there is a class action suit? Shouldn't all the money lost have some standing as well?

However, a sufficiently pointed lawsuit, alleging real wrongdoing, and not just failure to properly execute fiduciary duty, has the potential to pierce the corporate veil.

If you can manage that, the bank accounts of the insiders becomes fair game. That's Foley's house in Los Gatos, for instance, and whatever offshore accounts he did a poor job of hiding.