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 : IMPX - When Will the Dead Money Awaken? -- Ignore unavailable to you. Want to Upgrade?

To: Wall Street Jr who wrote (395)	8/13/1998 11:16:00 AM
From: Papayawhip	Read Replies (1) \| Respond to of 532

I also hold IMPX from the teens but I have not received any forms or anything. Where do you suppose I could obtain such forms?

To: Wall Street Jr who wrote (395)	8/19/1998 4:39:00 PM
From: Steve Fischer	Read Replies (1) \| Respond to of 532

I also received the class action info. What a bunch of ambulance chasers. They get 30% of the proposed 9.5M settlement plus expenses (max of 375K I believe) - that's $3.225 MILLION for filing some paperwork. If there ever was a case for tort reform, this is it. It's basically blackmail - cheaper and easier for the company to settle than fight it. While I believe there may be some merit to the case, the settlement is woefully inadequate for the class!!!! Read the notice carefully. They estimate the settlement is worth $0.57 per share BEFORE expenses and fees are deducted. These are estimated to be $0.19, leaving a whopping $0.38 per share!!! That's 38 CENTS. Well, at least it's lunch money, but the lawyers will be buying new houses, Mercedes, and country club memberships with their cut!!