MTEI - Mountain Energy - No BASHING Allowed Message Board

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Microcap & Penny Stocks : MTEI - Mountain Energy - No BASHING Allowed

MTEI 0.00400

-14.9%

Nov 18 9:31 AM EST

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To: KC650 who wrote (8501)	8/14/1998 11:58:00 AM
From: jhild	Read Replies (2) of 11684

Tina, it is my understanding that there is usually a race between the competing counsels to sign up as many shares as they can so when it consolidates against the defendants, they can become the lead counsel. Evidently, the lead counsel gets more money, because they are the ones filing the motion, etc. This is my understanding only and I am not a lawyer, but it has seemed to explain in my mind why these class action lawyers run to court so quickly (be there first) and sign up as many as possible (represent the most shares). If someone reading this is a lawyer, perhaps they can elaborate more knowledgeably than I can. What I don't know about here though is whether there is really anything to recover. If the money is all gone, and the assets are not worth much, then it may make sense to any receiver to let the land go for taxes again. If there is no money to be recovered, these law firms will not have a great interest in pursuing. If there is any money they will take their expenses from it first you may be sure. Regretfully I will have to wish you good luck.

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