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dk76

08/08/01 1:57 PM

#10581 RE: shamus #10580

I think I understand your point Shamus, but whether we support or condemn SEVU, don't you find it interesting that someone with only 400 shares would even be considered a candidate for Lead Plaintiff? If the damages are really as great as some seem to believe, I'd expect the point of entry as Lead would be MUCH higher.

Does anyone know if the number of shares held by Leads will ever become public knowledge?



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Francois+Goelo

08/08/01 3:59 PM

#10591 RE: shamus #10580

So Shamus, you're affirming that...

in order to determine whether a Suit qualifies for Class Action Status, the Judge IGNORES facts, such as:

- The number of would-be Lead Plaintiffs: 7 out of ± 1,300...

- The number of shares they own: ± 62,000, based on an even repartition of 11.5 million shares among 1,300 holders...

- The percentage of shares owned: 0.3 of 1%....

- None of the Attorney Firms could muster more than one Plaintiff...

My contention is that these facts will have considerable weight when the Judge decides whether the obscene Vulture Attorneys should fill their pockets at the expense of the Bona Fide shareholders, when the case is weak in the first instance...

JMHO, F. Goelo + + +