Replies to post #144338 on World Surveillance Group Inc (fka WSGI)

[Renaissance]

Not sure how to answer...

Please contact BJ with these issues. If the company does not respond to demands, shareholders have rights.

[Renaissance]

It was late. This is a better response: (please see my bold)


"Would a lawsuit be dismissed out of hand based on posting the accusation on this board? IMO, posting on this board is a publication to a third party. I don't need to know it is winnable, winning is often just getting your day in court.

My second question would be, do you think a shareholder or group of shareholders could bring such action? Anyone can file a lawsuit for just about any reason regardless of the validity of the claims. How far the action goes (and the consequenses therefrom) all depend on the quality of the attorneys involved and strength of your case. This is where I advise that you should discuss any and all of this with your attorney. In other words, if I deem a person's actions were malicious and intended to lower the share price of a stock I own, would I have standing to bring an action in court. I hate using this source, but please see http://en.wikipedia.org/wiki/Derivative_suit for more information. If this does not help then you can contact BJ and she can explain (or she will tell you to contact your attorney).

I am just asking because if that is the case, all of us should be circumspect about our statements here. Absolutely. You could say that the best defense against libel is the truth (it is), but if I have to pay to defend that I am speaking/writing the truth, that is certainly an unwelcome cost. Google it up on the internet and give me your layman's perspective if that is possible." This is stricly a layman's perspective. This is not to be construed as advise in anyway (other than contacting your attorney if you are serious)