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Pastimes : Investment Chat Board Lawsuits
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To: DizzyG who wrote (1279)3/26/2001 3:37:21 PM
From: Jeffrey S. Mitchell  Read Replies (1) of 12465
 
Diz, excellent post based on, as usual, first-rate sleuthing. Companies like INVT normally don't start "all of a sudden" disclosure of off-shore financing and dilution unless heavily leaned on by an entity such as the SEC. Furthermore, normally the SEC doesn't bother with shady penny stocks like INVT (there are so many of them and the SEC is overworked and understaffed as is) unless such companies call attention to themselves by, for example, filing SLAPP suits. So, the moral of the story is that by suing people like you, companies like INVT are doing little more than writing their own toe ticket to the penny stock morgue.

- Jeff
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