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rocky822

03/27/07 5:03 PM

#75773 RE: KicNzraKoT #75770

No, in my experience, as long as you held stock when the fraud occurred you are covered.

If you want to read the way another case is worded, here's a post of mine from whaiq. Circumstances are sort of similar with the CEO being investigated for fraud. This was a real company with real revenues (though grossly overstated) and hundreds of employees. You'll have to check what the stock was trading for on the days the lawsuit covers but if memory serves me it was somewhere between $2 - $4. Shareholders can expect approx. .07 for each share through this lawsuit. (Also I had to correct dates from this post so the "reply" has the right dates.)

http://www.investorshub.com/boards/read_msg.asp?message_id=18007168
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tmcc

03/27/07 5:10 PM

#75779 RE: KicNzraKoT #75770

yeah,kic,

you can sell and be able to get RESTITUTION
I have sold in similar situation and still namesd
as Shareholder in RESTITUTION.

Any worries e-mail the SEC before you sell
for direct answer.

Also, consider, the slight possibility that
this stock bounces because of
New management/Resignation of CEO
Sale of Company
or
just one more desparate pump !