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Ascential Software Corp. (ASCL) Message Board

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  • InvestmentGuru2001 InvestmentGuru2001 Oct 18, 2001 1:38 PM Flag

    ASCL has 50 % of cash left?

    We needed at least 100 interested shareholders to hold the interest of an accomplished attorney to bring yet another class action suit.

    The attorney I spoke to said that ASCL was like a sitting duck, waiting for another class. But he wasn't interested unless investors would line up against the company. Only 2 people responded to my posts on this board. The rest were hopeful cheerleaders.

    Anyone reading this -- if you are interested in a class action suit, post your email address here. I'll compile the names and turn them over to my attorney for follow-up.

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    • Say you are successful in getting an attorney interested. He/she sues. The stock goes down, management is distracted and, when all is said and done, plaintiffs wind up with pennies on the dollar while the lawyers get rich. Wouldn't it be better to take a chance wait until the stock rebounds, then cash out? The best revenge is making money off of these guys. It may be a long-shot, but I'd rather continue to wait it out with PG and his pals than trust some attorney, a la, Milberg, Weiss.