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akgoldminor

12/11/12 2:35 PM

#59049 RE: Biowise #59048

Good luck using "lack of communication" as basis for class action. If you find a lawyer that will take that one on, let us all know!

GO CGFI
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golden grog

12/11/12 2:53 PM

#59050 RE: Biowise #59048

Biowise, the basis for a potential class action goes way beyond just a lack of communication. Just review the fiduciary requirements for principals of a publicly traded company to its shareholders; and compare it to what we see here. I am hoping the company actually does something good that surprises us all. However, if and only if, it becomes a grim scenario for all us longs, and the basis for it is a breach of fiduciary obligations to shareholders, you will see a class action, SEC complaints, etc., from most of us. I can assure you I will be moving forward in that direction. It is one thing to lose money investing in a stock like this, but it is another thing if the principals become greatly enriched to the detriment of all the shareholders. Time will tell. IMO gg