Replies to post #41189 on Calissio Resources Group Inc (CRGP)

[DragonBear]

That's my point. If most of the 1000s of shareholders don't even know that a COR lawsuit exists, why would they ask their broker.

And how did those on this forum know that it existed? In the absence of a discount broker not notifying its clients a lawsuit has been filed against CRGP, how would SHs know? May I suggest a Goog search with the phrase "Calissio lawsuit". It's the responsibility of the retail SH to keep track of any material events concerning the stock they are invested in.

And what does TDA response have to do with the 8 shareholders responses.

Everything. TDA cited points of law. They pointed out potential pain to their clients, and more importantly for themselves. Although, the only real pain for a TDA will be collection expense associated with potential future margin calls. Most of the "8" who wrote Emails claiming they were innocent, and "save me from myself" to the Judge won't affect anything. Especially the ones complaining they were not notified. Where the court order had no such provision.

[janice shell]

If most of the 1000s of shareholders don't even know that a COR lawsuit exists, why would they ask their broker.

Do you think it's true that thousands of CRGP shareholders don't know about the lawsuit? That seems to me unlikely. Most people who play pennies get their information from message boards, the social media, and promoters. CRGP wasn't promoted in the critical period, so that's ruled out. It's not as if investors' brokers recommended the stock, or they read about it in the WSJ.

People don't buy pennies in a vacuum. They may not post, but they do read. The suit's unusual, and has attracted a fair amount of attention, so even if some who received the divvy moved on immediately, they're likely to have heard about it.