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shajandr

06/01/23 2:56 PM

#35692 RE: creakyhottie #35691

D&O insurance. Class action lawyers get the D&O insurance and if there are any pennies left over, the shareholders will gett nothing or basically nothing after administrative fees and postage.

Butt the class-action lawyers gett paid first - off the top - and will tke most to all of the D&O insurance and personal judgements against MASSEY et al. (which may be uncollectable). Unlike most pennyscams, this turd was bigg enuff to pay for D&O insurance.

Too much $$$ lost here for the SEC to ignore this one.