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Replies to post #147576 on Southridge Enterprises Inc (SRGE)

Replies to #147576 on Southridge Enterprises Inc (SRGE)
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janice shell

03/20/13 1:01 PM

#147578 RE: zomniac #147576

Yes, shareholders could sue for non-payment of the second dividend, which was declared. Of course no liquidating dividend has been declared. And I doubt it ever will be.
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BillEvans80

03/20/13 1:03 PM

#147579 RE: zomniac #147576

I would think they would have a difficult time finding an attorney knowing there was nothing to collect. That second dividend is a valid debt owed to the shareholders. I suspect someone that knows what rhey are doing could file a pro se case if they felt it was worth their time, effort and filing fee.