White Shoes: OK man. No problem. You did once say before, though, that you were not joining the suit because you were afraid you would be countersued. I was just making the point that that is not a good reason. Indeed it would be a despicable reason. Everyone should always be willing to take personal risk to make the world a better place. Call me an idealist, but we are the people who improve this world, and we are proud of it. Yes we get flamed savagely for challenging others' ideas, and the lynch mob wants to string us up now and then. But it is all for a good cause, so we do not mind.
Another bad reason not to join the suit is: "I didn't lose enough money." All that matters is that you bought stock in Corel at the right time. I am not exactly sure what the period is (we will learn more soon), but I think basically it boils down to the summer months when Corel and Cowpland were publicly making positive comments, while the accounts inside the company were privately eroding.
Nobody is going to make any money out of the suit except maybe the lawyers. We already know that. But that does not matter. When someone does something wrong, they have to be taken to task. The negative publicity for Corel and Cowpland would be one benefit. (They probably have insurance so they are unlikely to lose anything personally.) But if the suit teaches others not to behave badly in the future, well that would be the main benefit. As I have said before, in the fight between right and wrong, money is not an issue.
Do what you want, join or not. We all makes our choices and lives with 'em.
Happy Investing!
Vanni |
