*POTENTIAL* MJ Stock/Shareholders' Class Action Lawsuit

Latest news from magicJack

Moderators: Bill Smith, Pilot

Post Reply
SteveHC
Dan isn't smart enough to hire me
Posts: 498
Joined: Mon Dec 26, 2011 2:10 am
Location: Southwest Florida

*POTENTIAL* MJ Stock/Shareholders' Class Action Lawsuit

Post by SteveHC »

See link below for details. This is only applicable to MJ stock/shareholders; note that it's a PRNewswire release and NOT a general news release - and is even actually LABELED as "Attorney Advertising" (i.e. corporate ambulance-chasing; may or may not be legit, may or may not be of any consequence whatsoever):

http://www.dailymarkets.com/stock/2013/ ... altec-ltd/
User avatar
cell14
Dan Should Pay Me
Posts: 673
Joined: Sat May 23, 2009 12:43 am
Location: South FL

Post by cell14 »

Yes, it is ambulance chasing but fully legit.Whether or not any action will follow is a different thing. I hope it will.
SteveHC
Dan isn't smart enough to hire me
Posts: 498
Joined: Mon Dec 26, 2011 2:10 am
Location: Southwest Florida

Post by SteveHC »

cell14 wrote:Yes, it is ambulance chasing but fully legit.Whether or not any action will follow is a different thing. I hope it will.
Most of the time, these kinds of things seem to go nowhere.
Most all investors know that the value of very small-cap stocks such as CALL - especially those that don't normally trade in very high volume on a daily basis - are VERY easily manipulated by company insiders, stock traders, stock hawkers, etc., and know the risks inherent in buying and/or shorting them (years ago they used to be called "penny" or "pink sheet" stocks).

Very rarely do such things, in and of themselves, result in a company simply going out of business. In MJ's case it is much more likely, *I* think, that it will *eventually* be sold or otherwise acquired by somebody else or some other corporate entity.

Regardless, it's all pretty much inconsequential to/for MJ consumers - at least for the foreseeable future.
SteveHC
Dan isn't smart enough to hire me
Posts: 498
Joined: Mon Dec 26, 2011 2:10 am
Location: Southwest Florida

This topic/thread is now obsolete

Post by SteveHC »

See new News topic re: shareholders' class action filed in New York for more accurate and up-to-date info.
Post Reply