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Cowdude

06/10/10 9:47 PM

#65853 RE: Trav G #65851

I think we should see if we can save the shareholders first. There is plenty of time later to think about a law suite later if they cancel us. We may end up screwing up everything if we try to do both now! MM

ThunderBell

06/10/10 11:32 PM

#65857 RE: Trav G #65851

I don't think any of the BOD have any assets. (With the possible exception of EB - Marcus only has something if he accumulated it from WUCC/CPRK - he was broke going in). So, you may win a lawsuit and you may get a judgment but actually collecting anything on that judgment is another thing. You would probably be throwing good money after bad and you would have to pay the attorney a fairly large retainer up-front. No attorney is going to go after someone on a contingency who he knows is is broke because he will not get paid.(Some people are Judgment "proof" because they do not own anything)

If you are talking about "justice" you can always present your case to prosecutors or the SEC and see if they will go after them but you, as an individual, cannot file a criminal charge you are limited to civil actions only.

IMO the better option is to "save" the assets of CPRK. Get those assets valued high enough to leave something for the shareholders and maybe recover something.

Then if CPRK is saved and the BOD comes out of the BK with anything and you are not made whole thereby you can pursue a lawsuit because then they (MD, MS or ??) may have some assets you can get.

JMHO - No legal advice here - do you own DD