Hello there, 'pascal30' I've read your reply to ' lovinlife1216', but I think you're missing the point of the argument.
The amount he invested, alleged $7000, is a mute point in this case.
Whether it was by greed or ignorance bares no weight to the misrepresentations experienced here.
Although investments comes with losses, such losses are unfair if the roulette wheel, (for example), has a bias that favors the house and not the players.
But in this case, the house knew of the bias and kept quiet about it. Then after they closed the roulette table, someone discovered the house knew of the roulette wheel’s imbalance spin and players now want their money back or they're going for a class action lawsuit.
This is paraphrasing what went on with this stock and there inlies the arguments leading to a class action lawsuit.
Losses aren’t being argued here but rather wrongfully stated or an undisclosed "problem in lieu" press release that implied progress "in due process" that lead to buying shares.
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