DK, I wonder if the SELLING/SHORTING witnessed recently...
was done by people who had KNOWLEDGE of this Lawsuit in advance of everyone else and ILLEGALLY took advantage of the situation to fill their pockets?...
This could also be a shorters' ploy to further depress the stock price, as this is a common technique they've been using in the past with other Companies... I am not convinced of the merits of the suit either: when SEVU claimed $46 million in revenue, for example, it was clearly predicated on selling 100,000 "Secureview"... They didn't, so it's probably not as misleading as the Attorneys want to make it sound....
Also, the scare tactics remind me of the Shorters: "The firm's reputation for excellence has been recognized on repeated occasions.... and has been responsible for a number of outstanding recoveries which, in the aggregate, total over a billion dollars."
In any case, this will take several years to resolve and the only people who'll get anything at the end of the day, will be the lawyers, as usual... There is just not enough meat on SEVU's bone to satisfy any serious claim... We'll soon have a better idea, when we find out who is the lead plaintiff...
JMHO, F. Goelo + + + |
