There'll only be a class action if the company can be shown to have significant assets. That's why you hardly ever see that kind of litigation involving penny stocks.
As for the government's timing, it takes a long while to bring a criminal case; the standard of proof is higher than in a civil lawsuit. Two years isn't unusual; sometimes it takes longer.
It doesn't really matter when they decided to give the program a name, and publicize it.
Yes FBI, SEC investigated etc.. but there is more to the story ... IMO ... 2 years after the fact WTH are they really that slow ? we will see what happens with this mess with CWRN, hope Bob fixes it or if he really did what is accused towards him then the company will "logically" be handed oaver to Sharon.
the production is REAl, the Equipment is Real, BAO Steel is REAL, The IRON is REAL ... yes before one says "the Investigation is also Real" but the case did'nt even start yet if he's accused of what is stated or he was simply setup? we all know in mexico the corruption is not uncommon with all the CARTEL's like everyone suggested here or what we see in the media.
yup i agree with you why did it take the GVNT 2 years later to ACT ? investors beeing deceived all this time and now they are forced to take their losses and they claim they protected US.. LMAO !!! what a joke,
it took me at most 3-5 days to investigate & discover there was a FAKE BUYOUT OFFER !!! maybe i caught one of their own setups in early 2011 ? since they claim the STING program started in Dec 2010 ? that would be funny ;-)