We're not talking about ASTN, nor are we discussing insurance or anyone who has been found guilty of anything.
If you're so convinced of the merits of a case against SEVU or McBride, I'm sure you can find an attorney to represent you. All I'm saying is that I don't think that new investors are likely to get too worked up over any of this. Companies are sued every day. Some prevail, some lose, and far more settle or are dismissed. SEVU has lawyers too. McBride and the company have been under a microscope for many months, if not longer. Lots of allegations and a reported lengthy investigation by the SEC, but no findings have been reported to date and the stock is still trading.
I'm not defending McBride, and I can't speak for anyone but myself, but I personally don't have enough facts to believe that suit could succeed or that doing so would be in my best interest since I plan to continue to hold stock.
People sue for lots of reasons. Some have clearly been damaged. Some do it out of emotion, ego, immaturity, or just plain stupidity. Some even spend a couple hundred dollars to file, in hopes of a quick settlement (not necessarily a bad strategy in some cases).
FG and I have debated this topic at length, and we're polar opposite on the subject as it relates to SEVU. I obviously believe I'm right, just as FG believes he is right. For all I know, we may both be right or wrong. Time will tell, I hope. One thing you'll get to know about me: I'll vigorously debate lots of things. I respect the opinions of others, and I try to remain objective, but I've got pretty strong opinions about things. Securities Law isn't even close to my area of expertise, but when I look at the big picture regarding SEVU, I don't think filing suit would be productive, nor do I believe new investors would be concerned at this point.
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