i do not believe there is any way to know if the sec has been alerted. it is their practice to not divulge any complaints or especially any investigations as they claim it can adversely affect the integrity of said investigation.
that said any one can file a claim at any time regardless if they are a current, past, or never were a shareholder. what your complaint is and any supporting evidence dictates their choice to look into the matter. the more complaints they get, especially about the same thing, the more likely they are to look into it, so long as some merit is there. the squeaky wheel gets the grease and all.
as for a lawsuit that everyone would be made aware of by the law firm if it happens. it is in a law firm's best interest to have as many people as possible take part as it increases their likely hood of success and the potential gain. as they are paid based on damages collected, they want the most people involved as possible. not sure how much money shareholders normally see if cases are won, but punitive damages are definitely assessed.
that said the new ceo can be granted a bit of time to 'set things right' as we do not yet know how involved he was before this change or what direction he will take with the company. but i find my patience for the new guy is not nearly as high as it was for the old. i know that is not fair and no indication of my feelings to lindsay in any way, but i am sure everyone can understand why.
if the gold play is a pump, fine show us some green. personally not that concerned. if they strike gold, great, if they do not even know if there is gold in mexico, whatever. so long as the pump works. though things like that also just add fodder to the above no? so maybe i will buy a few token shares based on the last pr promises :)
most importantly he can quickly correct mistakes of the past like updated filings, make the filings public, real financials, open ta, etc. most are very easy and quick to do. we will see.
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