Silicon Investor (SI) -- The First Internet Community

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 : American Superconductor (AMSC) -- Ignore unavailable to you. Want to Upgrade?

To: Josephus who wrote (714)	4/12/2011 2:44:34 PM
From: Doren	Respond to of 973

No doubt AMSC lawyers will be in court. This will probably be rolled into one suit. Much doubt whether they'll be successful but the good thing is the truth will come out. I suspect Sinoval sand bagged AMSC. Else there would have been more insider selling. What possible motive could they have had for hiding the truth? I don't think they had a clue what was coming. Incompetence is not criminal and since they are elected not a liability factor in a lawsuit. It might be a factor at the next stockholder meeting though. Of course these lawyers could be fishing. My brother in the construction business has been sued for jobs he didn't even work on. The lawyers might be fishing for a settlement but I also doubt that. I'm sure AMSC has lawyers on retainer, they get paid whether they work or not. It's just part of doing business at that level. It doesn't cost them anything to defend themselves.