I would agree. Since shareholders can now exit, it would not make sense to take legal action, from a financial standpoint.
As soon as my shares are listed, I'm out. I simply don't see this venture succeeding. He has made improvements, but the communication issues alone are too much. Customer service is a mess, and who knows where the financials are?
I'm not sure I get your point.
You were a victim for the duration you held your shares, selling them does not make a difference from a legal standpoint.
You can be "out" and still try to get back what kslaugther stole.
You raise a good point.
My knowledge of law is limited, but it would seem like a class action
could recoup some coin for victims. It also seems like lawyer fees, etc. could eat up most of what is gained.
Class members often receive little or no benefit from class actions. Examples cited for this include large fees for the attorneys, while leaving class members with coupons or other awards of little or no value...
That being said, I don't think class members would have to
pay any fees, would they? So, in a worst-case scenario they would receive nothing (compared to a solo action suit they might have to pay more than they originally bought into ActM). Correct me if I'm wrong, as I'm just going off of what I've researched.
If that is the case, I feel like the primary motivation here would be the ethical argument, which is that Ken should be brought to justice.
