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mdimport

07/16/11 3:06 PM

#140703 RE: idcc2003 #140702

Same thing could happen with GOIG, but the case has to be watertight.

You sue the company and the directors on a no-win, no-fee basis. If a lawyer takes it on you can be sure you have a better than average chance of winning.

The "good" news is there was so much fraud and deception the case can be easily built.

If you're lucky it may unlock shares in MONA as well as GoCOM in addition to a financial payout.
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oil9911

07/16/11 3:39 PM

#140705 RE: idcc2003 #140702

I looked at that option. My guys wouldn't take it on contingency. But who knows, some other lawyers might...especially if there is, in fact, D&O insurance in place (D&O for a sub-penny PubCo?, I don't know, either brave underwriters or a monster premium).

I'm not really after money at this point though...and I lost a bundle too. I just want to see Sutton stopped (and maybe see him spend a little time behind bars to think about it).

I can't stand people that lie, cheat, and steal...and Sutton has gotten away with it for far too long.

Ike Sutton: "I can't build companies....but I absolutely know what to say and do to sell enough stock to pay my huge salary!".

Oil.

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Nebuchadnezzar

07/16/11 9:30 PM

#140712 RE: idcc2003 #140702

ouch

you lost it or you are currently down $100K?

I am down but not out, there is a difference.

I have no valid reason to sell right now for a loss especially looking back at how volatile this play was and still can be in the future.

i have a strong intuition that this one ain't exactly dead yet.