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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: RayV who wrote (7251)	4/11/1998 11:24:00 AM
From: Herm	of 14162

Hello Again! It is the same class action and the different law firms are trying to get the most clients to sign up with their firm. For example, after much thought I signed up with Barrack, Rodos & Bacine because they were the first to file and announce the class on the WWW. I also believe they had the original plantiff who blew the whistle on VVUS. Like I said, it does not cost you a dime. The law firms only get paid IF they get a judgement against VVUS and then they will get their fees from the proceeds before splitting the pie among the shareholder that signed up! I'm not fond of lawyers and I usually don't cry when I give back money to the stock market. It is the risk every investor takes. That includes me. I own my problems and my profits. But, VVUS seems to have crossed the fine line between insider trading and the public's right to know. In other words, I feel taken on this one by the CEOs! They get their 6.5 million at our expense! No, no! As a final note, if you are long you still get to keep your VVUS stock regardless of the outcome of the class action. Also, if you don't sign up you still get to pay for it as a shareholder since they will take it out of the VVUS budget line item and that cost will be reflected during the fiscal year. So, you dammed if you do and dammed if you don't. Any amount of $$$ bucks is better than none at this point! As long as the CEOs don't get to keep any of that 6.5 million that I paid for in a small way. It very easy to sign up. Check out the news bulletins and click on the law firm of your choice and email them your name, home address, phone number, and email address. They will Fedix the next day the papers for you review (the class action charges). You list the number of VVUS shares you own by date of purchase, submit a photo copy of the brokerage statement(s), and sign you name. That it! Good Luck!

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