MIKP may not have any money, but Newbauer does. He somehow managed to pay his mortgage off, become the largest shareholder in SBRH, and make at least one juicy investment with Brian Kistler. Does it surprise you that MIKP has no money? I'm rather certain the courts would find other financial instruments used by Newbauer through the discovery process.
You are confusing a criminal case with a civil (class action lawsuit) case. The SEC stepped in and closed this caper down. That's all a class action attorney would need to see for cause. The other thing an attorney would need to see (if an MIKP class action is initiated on a contingency basis) is a way to recover money for shareholders. I believe this can be rather easily found.
An attorney would need to be hired (no cost), and a lead plaintiff would need to be appointed to head the class. A CA attorney would petition the class to find a shareholder who has been injured financially the most.
It's already turned out to be a scam, pay attention.
According to you the company has no money but what Mark took from shareholders so what good would exactly come from suing him? Because if this does turn out to be a scam what are the odds Mark still has the money i know i wouldn't still have a dime of it. It would vanish never to be seen again. Who wants to receive a check for the next twenty years for $2.00 a month?
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