for those that bought options TOO BAD as well
6. There will be no Recognized Loss attributed to any Silvercorp securities other than common stock
purchased on the NYSE
11. No cash payment will be made on a claim where the potential distribution is less than ten U.S. dollars
12. You must attach to your claim form copies of brokerage confirmations, monthly statements or other
documentation of your transactions in Silvercorp NYSE-listed common stock in order for your claim to
13. If your trading activity during the Class Period exceeds 50 transactions, you must provide all purchase
and sale information required in the Schedule of Transactions in an electronic file.
All paper work required and gathering info probably 100-200 dollars worth of time
depending on your job.
and unless you put more than 100k during that time of
September 13, 2011
and not after then you are not really counted.
if people still think this lawsuit has any merit then go ahead and waste your time.
They made those terms hard because they wanted to keep most of the money you fools.
and those that want to fall for it for 1 dollar are idiots.
well the limit is 10 dollars.
and to get 10 dollars you'd have to lose 10000s of dollars for 10 bucks.
and doing 100's of dollars of work to get it.
personally speaking not worth the time
but for those that want to harass the lawyers though go right ahead.
I do not mind.
I again say the lawyers are playing a ruse to steal money as they are useless beings of society.
further more to the idiots:
"The submission of a Proof of Claim does not ensure that your claim will be upheld or that you will
share in any recovery. All claims are subject to verification and investigation. You may be requested to provide
This was in all a ruse to steal money from the company which they knew was real from the start #$%$.
some calculation for the idiots
175 million shares are in total during that time
lets just make it
100 million shares for the float for everyone then to make it easy
say you bought 5000 worth of stock during 2011 at 10 bucks which are the shareholders they are targeting btw,
that 5000 is about 50k total
= 0.00005 or 0.005%
14 million x 0.00005 =
you get back 700 dollars if you are lucky on 50000?
really now 7/500 return. this is shall we say 1.4% return on loss
way to go man way to go.
Selling calls/puts on your stupid stock would have given you the exact same thing back.
or putting it even in a bank with 1% interest would have been easier.
Got to be stupid to deal with this BS.
now if you are lucky
those that want to harass the lawyers send in their claim anyway
but also attend the court hearings and tell to go to hell and they should be suing Jon Carnes would be best.
Like the fools that think this is a good money making opp to sue the innocent company.
anyway gl in hell to those with the WRONG motives for joining the lawsuit.
remember I am not telling not to join
I am though telling you to join and tell the lawyers they are criminals along with their spokesman.
But yes you guys are immoral hence you thumbs me down.
banksters will be banksters oh well no way to help them be good humans
PS read this statement:
7. No Authorized Claimant whose proportionate share of cash distributions from the Net Settlement Fund
is less than $10.00 shall receive a distribution from the Settlement Fund.
lol at those that owned an extremely low amount of shares in the first place.
IMO the lawyers really had nothing
I am just reminding would be su-ers
not to ambulance chase further than necessary
and if you do want to speak at the hearing tell the truth and call the lawyers #$%$
perhaps ask the judge to make them not get any pay instead.
apply away btw.
Oh Btw the lawsuit is only for those that bought the stock during the time period of
early 2011 to fall 2011
aug to sept 10 to 6 dollars
others that bought afterwards need not apply
you are NOT INCLUDED
nor were you any victims.
silver crashed by 50-60% afterwards as you were the victim of the silver crash
what are you going to sue the silver shorters/pumpers.
I thought so. so you should stand down fools.
(Silver stackers are not complaining yet you guys are much too weak.)
this was the time when silver took a nose dive to oblivion as well.
When the shorts from both camps one wanted to front run each other.
where Jon Carnes wanted to get in front of the silver shorts as he found out by his connections so it was an easy target. Unfortunately he chose to forge their data which means he lied and faked it all the way.
the lawsuit was mainly about that.
as for those losers that want to go along with then go right ahead
but dont complain about not getting anything or plan on suing again
the only point to get in on the case may be to grab as much money from the lawyers as possible as well as stressing them out with paperwork.
do not forget to demand and harrass them until they give up.
if they demand more from svm then harrass them that they have the money so they should give it up.
so that they cannot have it
remember 14 million is actually pennies to the amount lost meaning this was
actually lawyers settling for whatever they could get like leeches that they are
IMO the lawyers really had nothing so took whatever they could get.
14 million proves svm is actually innocent of all charges
because otherwise they would sue them for more.
as if you know how serious of the charges they claimed
but proven ultimately wrong?
Only #$%$ the lawsuit case to make the lawyers have stress otherwise don't bother.
Remember that you will be getting NOTHING.
not to offend you for suing an innocent company
and becoming an ambulance chaser
no point to the claim really.
but try to drain the lawyers as much profit as you can.
they do not deserve the money.
do it for all you can.
so long as some of these dip #$%$ don't sue the company afterwards for not doing anything wrong.
well really the whole point of the lawsuit was to drain the company of as much capital it has to run the business that's why wall street plays with these lawsuits FYI
you as lawsuit people wont get JACK
It has always been the case.
This is not for justice as SVM never did anything wrong
when you guys should really be suing Jon Carnes.
Send him a lawsuit notice instead.
Morally speaking that is the correct lawsuit to join
GG to those that get a 1 dollar for every 100000 they lost.
lol at those that joined this lame lawsuit.
I am waiting for the 2nd quarter's numbers
really though 90% of the miners are current underwater earnings wise.
somehow wallstreet demands that svm out perform all of them while keeping svm stock price low.
looking at the estimates it's quite ridiculous vs the industry competitors
as always they are bias.
Just because svm broke their dirty bias estimates one time they are redoubling their efforts.
so I won't really expect a awesome rally until the earnings comes out.
it seems svm dictates the true movements of the industry though.
if svm remains flat and others going up it means usually 90% of the time in a few days the industry will be crashing.
it is quite a correlation as svm has more of that effect before the regular industry leaders.
maybe a good indicator
then again because I gave it out things may change.
it's like quantum physics if you look at it then it changes actions
but if you do not then it does something else.
light = wave and particle.
anyway I do not expect losers like asianvest/stupid banksters to understand physics though as they are uneducated buffoons
hmm that should be good for the next 2nd quarter.
but in the mean time the board troll has come back because he just sold more short again.
and needs to cover.
yawn so obvious
interesting it seems svm is more honest about what the silver shorts want to do.
svm can be used as a barometer to short other miners if SVM does not go up a whole lot along with everyone else that means eventually the other silver miners would crash as well.
that methodology seems to point to this 75% of the time so far
points to reading comments on seekingalpha some of us were there destroying him
metalaugmentors - google their svm article in 2011
lots of metal investors pointed out their fallacies
and then some.
proving Mr Carnes committed fraud or a really bad liar
anyone that knew anything about mining knew he was lying
but we and others couldn't do anything because Carnes had the finance industry backing him as well as the silver shorts making their move colluding together basically.
SVM's mistake was suing Carnes in the NYC courts which heavily favors these corrupt traders.
SVM even tracked down Carnes geologist that did the report but that guy HE REFUSED TO go to court to testify
Meaning he definitely was used by Carnes to commit perjury.
you can read their psychology really
never the less it doesn't change the fact that Carnes wasted lots of SVM cash flow on his TOTAL BS and as a result was hurt financially thanks to him.
but luckily SVM was strong enough to survive for the next 3-4 years and still making money on silver.
really if they were a scam/fraud they would have long been going under.
morally speaking the investors that stayed to the end are the morally righteous while the shorters are morally corrupt that took an opportunity to ride the wave of corruption
but given a choice of being riding corruption to make money or not 75% of the people in this world would choose to ride the wave or pretend to be ignorant.
There is much too much to cover. if you want to know the story we can type it all out but it may take a few days to read.
I would like to remind you that the real volume is typically 500k or less today with real people and extra volume beyond that are HFT algorithms and the shorts from times that has past.
the people that has been following this know whom they are.
they are god bitter people because they are sore losers morally.
they have won for 3-4 years because they are well connected but time has eventually caught up with them.
as they want to salvage their reputation so they think that they have.
everyone in the know already know they are morally corrupt.
just wait for the earnings reports
next one may not be as nice actually but wall street always likes to put higher expectations on svm compared to setting an extremely low bar for the competitors.
so I would observe that to see what the wall street intentions are compared to the other competitors.
we know for a fact these buffoons do not invest based on value but based on how much money they can scam the market out of after all.
it would actually be best to take the company private instead behind the scenes.
slowly while not tipping the market off.
no way to do it best would be to just post the whole article instead of the link in series of posts because yahoo made it much harder
oh someone new.
for those that don't know the history of this stock/business
it's because they in fact did a split 2007-2008 before the crash.
svm was in fact in business with another name for 5-10 years in 1990s
to 2007 to now.
then the markets went to hell and silver went down to 10 dollars from 20.
and currently the ones accusing svm of things were in 2011 when they were proven wrong.
almost anyone could have seen the fraud by the perpetrators they wanted to front run the silver shorts so they needed to make up some BS which 90% of the industry knew was BS.
but they can't do anything since it is the will of the manipulators at that point.
too bad at that time.
evil has won for the time being.
unfortunately many did not care evil was taking place but instead just made excuses to justify themselves for committing evil while saying they are good.