Assuming they lose. Which they will based on the information known. They most certainly were in breach and misleading. Hopefully they will not drag it out and just settle. Question is how much?? I am guessing (and think they deserve) to lose $250 million. What the hell do they need it for anyways?? There products are complete #$%$. Might as well spend all cash by reimbursing ripped-off investors. They may need to do another secondary at 3-4 a share to pay for the damage they did.
FWIW how come you never see these suits when the stock goes up parabolic like ECYT did after EU conditional approval. I mean all the money those shorts lost has to count for something too doesn't it. Maybe ECYT management knew approval was coming and didn't let the shorties know. LMAO
Just sour apples is all.Those who bought att $21 are unhappy.Those who bought at $6 are ecstatic.It is the law of the jungle.It happened to me with FOLD last year.Now it has recovered.Learn to live with it.
These lawsuits rarely recover anything significant. It has to be proven that Endocyte knew the trial would be halted before the offering. Any shareholder who bought at $21 is probably still holding some stock in hopes of the pipeline so they are shooting themselves if they sign up to give away 30% of their money to a lawyer.
Must not be going real good for the Law Firms, most are putting out their 2nd Press Release on the 1 lawsuit filed. Just like the Sokolove ads for Mesothelioma that have been running for the last 10 years on TV near me. Just trolling for people so they can get their 33% commission plus expenses while the investors might be luck to see a couple of cents per share. Love the US Tort system do ya?