SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Cheap China Play---GTTIF
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Guy who wrote (40)6/17/1997 2:40:00 PM
From: Albert Shilin   of 42
 
Two days ago I got "Notice of Pendency of Class Actions" from MTC Electronic Technologies Shareholders Litigation. The defendants in the action include (1) MTC; (2) various individurals who are or were officers or directors of MTC; (3)MTC's outside auditors; (4) the underwriter of MTC's 1993 public offering and (5) the underwriter of MTC's 1991 public offering . "Plaintiffs allege, among other matters, that the defendants disseminated materially false and misleading information during Class Periods I and II (Sep. 3, 1992 through Feb. 22, 1993 and Feb. 25, 1993 through April 15, 1994) which had the result of artificially inflating the market price of MTC common stock, causing those who purchased such securities during the Class Periods I and II to make such purchases at inflated prices. All defendants have generally denied all allegations of wrongdoing and denied any liability to the plaintiffs and both the plaintiff classes." It is clear that the new magagements are not involved in this action. But since GTTIF comes from MTC, the company is in the action. Since I don't think that we, the long time share holders, could get big compensation, I believe that the lawsuits would not hurt the company too much. Hope that this could help.

Albert
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News