Sapiens International Corporation (SPNSF): Turn around...? Message Board

STOCKTALK

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.

Technology Stocks : Sapiens International Corporation (SPNSF): Turn around...?

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: uu who wrote (1156)	2/15/1998 6:05:00 PM
From: Alex	Read Replies (3) of 1936

Addi, I went back to my files and found the document about the Porter Settlement. It turns out to be for $1,360,000 in cash, in addition to the $8.5 million "other" settlement. As a part of the class, were you not notified of this? "It is anticipated that, unless there is a delay in consummating the Porter Settlement, the proceeds of the Sapiens Settlement and the Porter Settlement may be distributed at the same time." That is right out of the Notice of Pendency and Settlement of Class Action. Right above that, it says "The Sapiens Settlement was for $8.5 million in cash and stock. The stock received in the Sapiens Settlement has now been liquidated." Are we sure that there is more stock to be distributed in April? Maybe someone wants to call the law firm handling this... Berger & Montague, P.C. Todd S. Collins, Esquire Robin B. Shore, Esquire (215) 875-3000 When I spoke with Mr. Collins months ago, he told me they would try to make this an all-cash settlement because that would be easier for everybody. Addi, if you call him please let us know if there is still more stock to be given out in April. Alex

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next