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Microcap & Penny Stocks : ABTX - Agribiotech
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To: M. Carver who wrote (7446)2/9/1999 2:16:00 AM
From: Metacomet  Read Replies (2) of 8359
 
Wouldn't put much hope in a recovery from the class action. Was involved in a real one once against AMD. They had them cold. Not like ABTX where a real cause for action seems ambiguous.

Anyway, played the class action suit. Sent different forms by request 3 or 4 times to the class attorneys over as many years. They had the settlement in escrow for 2 years. After the attorneys ate off the funds for all that time, I got a check after 4 years for about 1% of what I lost.

Class action suits, without truly egregious behaviour by the company, are a lousy way of making up for your mistakes and provide nothing but money for lawyers by and large My advice is to let the company focus on building the business. In the long run you will have an infinitely greater chance of recouping......YMMV
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