Jim, as you might have noticed, as soon as any stock drops significantly in a short period of time, there will be law suits. Most of these suits are settled out of court (partly covered by insurance) and believe me, shareholders will get nothing. The only people who stand to gain are the lawyers in the case.
Litigation is a lengthy process. As expected, Triteal has announced its intention to vigorously defend itself. The class action also targets the underwriters, so at least TriTeal will join hands with Hambretch & Quist and other underwriters in their defense. In the meantime, there will be lots of changes in the company's business and future. The stock will move based on the company's operating performance, and that's what I will pay my attention to.
Regards,
Tom
PS: You mention comments on TEAL on the "stocks for 98" thread. Is that the "High Growth Techstocks for 98" thread? I did a long post early on that thread, has there been much discussions on TEAL subsequently? |
