Replies to post #11333 on Fund.com Inc (FNDM)

[TRUMPSTER!]

We know what the attorneys more specifically Thomas's attorneys have charged up until the end of February just less than 100k for three months work. Do the math. Legal fees won't be much in relation to total recovered. Fund does not have any legal fees outstanding other than this. The latest filing shows that there were NO creditors who filed for a piece of the pie. The longer it takes one could say the more money that's recovered. It's all relative. We know how many outstanding shares are available. Approximately 867,000. We know the value of the settlement. 4.5 million. We also know the URL is worth millions. We also can recover money by suing for fraud and damages.

The reason the stock just made a move has everything to do with what we know now and that was a HUGE win. The fact that preferred, class B and loans will be wiped out. That was paramount for us shareholders to make money. Exactly how much is anyone's guess. But we have known values from the settlement, URL and other companies besides AdvisorShares that Fund owns in which the lawyers are looking to see if there's any monetary value. It's a win win. The unknown now is exactly how much shareholders will get. I can tell you with 100% certainty it will be more than what this stock is currently trading at.

[KDAWGFARM]

ihunter,

Not sure if you read the documents on the lawsuit we have right now to retrieve the domain but the request is that the legal fees incurred are paid for by the defendant. I expect this to be a staple in any other lawsuits that we get into. Remember, Thomas is a majority shareholder and he would benefit more from a shareholder distribution than racking up hours of time on this project and paying out the rest in legal fees.

However, it's not impossible that we do eat up our profit in fees. I honestly think that Thomas is going after the low hanging fruit currently, once we get paid by Advisors and get results on the URL lawsuit Thomas will determine whether going after Galanis and others is worth it and to what extent. I can see us going after IP Global to get settlement money back, but suing Galanis for fraud and damages is another animal.

I don't think we will go after Galanis to that extent. Not sure if in the end it would be worth it or not.