SEXI: Mostly Fact, A Little Fiction, Not Vicious Attacks Message Board

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Microcap & Penny Stocks : SEXI: Mostly Fact, A Little Fiction, Not Vicious Attacks

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To: Chuck Bragg who wrote (7258)	11/19/1996 7:50:00 PM
From: ftth	of 13351

To All regarding eligibility to recover from class action suit. Eligibility to recover damages is based on purchasing shares during the "class period," which is determined by the court. The "class period" would likely be the period of time from the World Comm press release until it was retracted, since these shareholders would have been screwed the worst, although the period could certainly be wider than that since much other fraudulant info was disseminated. As of today, no class period has been set yet. You can sell the stock now and still remain eligible, so long as you held it through the end of the class period. The person I spoke with said it would be a good idea to at least register your name with the SEC because in similar cases in the past, the SEC does not seek out shareholders who might be eligible (seemed kind of strange to me, but that's what he said, and he's a specialist in this area). Also, past similar cases have taken from 2-5 YEARS to settle!!! For year-end tax loss purposes, if the stock is not being traded and you need to take the loss in this calendar year, the stock can be "junked" by your broker at 1 penny per share. But don't wait until the end of December to do so since this isn't an everyday occurence, and takes a few days to process. Also, I've heard that a junked stock is treated differently by the IRS than a traded stock sold at a loss, but he couldn't confirm this.......Anyone know for sure??? D.H.

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