BEL

[jiesen]

ouch

[Websman]

Re: BEL

ouch

big ouch

[jiesen]

or

in the immortal word of ET:


aaaoooowwwwch

[Dave]

These class-action suits might be the final nail in BEL's coffin. I have learned patience following $$$MR. MARKET$$$, but if I was holding BEL at this point, I would have to consider dumping, unless the CEO comes out immediately and does something to quell this situation.

-Dave

[Karel]

Dumping? Why not join the lawsuits? And have Lerach Coughlin and the other companies swallow, in case of a recovery
- first any and all disbursements, including but not limited to what they list on their site(s)
- one third of the rest of the recovery.

Personally, I think BEL might very well gain two thirds of its loss back, and then I will be ahead of you

<serious>But really, who would join one of those lawsuits?</serious>

Regards,

Karel

[Dave]

Karel,

I agree that BEL could make a nice recovery from here, but I also think there is a possbility it could get gutted and fold. I didn't choose to buy this one when I read about the CEO making it known, publically, that they would not be issuing more stock to finance expansion. They then blindsided investors by doing exactly the opposite. This resulted in (directly or indirectly, who knows) a new CEO, as nobody trusted any info coming from the company. Combine that MAJOR breach with various other smaller ones, and you have a former CEO that could quite possibly have kept the revisions in the contract under wraps, in hopes of maybe making up the difference with new ones, or who knows what. Now that BEL is hurting for revenues, a large blow to their remaining ~10 million in cash will seriously hurt their operational ability. They do have an available credit line which is currently untapped, but they could run up legal charges quickly, and if the lawsuits succeed, the payoffs could cause the company to liquidate and fold.

Anyway, I make it a point to stay away from companies that have had any sort of public improprieties by their officers.

Dave

[Karel]

Hi Dave,

well, that was more a rant against attorneys, easy targets, perhaps.

But what about these lawsuits? Do they make sense? Anybody an idea? Not that I am aching to join one. I would prefer a recovery in stock price (and morals) over a juridical recovery.

Regards,

Karel

[New-born baby]

Lawsuits

Karel,

Here's how corporate lawsuits work in America. First, meet the lawyers . These highly educated people are here to help defenseless and wounded individual investors . The lawyers troll for any class action suits that can start because it is highly lucrative for them . You see, they really do not work for one client in a class action suit; they work for a large group of people that they never see or talk to. They don't have to fear that a client may get angry and really fix them.

Next, let me introduce you to the company CEO, CFO, and their cronies. These corporate mobsters are . Our lawyers are , and they cannot bear to see us so hurt. So then the lawyers bring a suit against the mobsters who run the company, and the mobsters pay them lawyers off (in millions of dollars, sometimes in the tens of millions ). Now meet the judge . In college he was a dope smoking hippie, but now he's a failed lawyer who could not make his own way in the lawyering world, so he did what most failures do: he got a job with the government--making sure that the lawyers do right. Get it? So the judge orders the company mobsters to pay "the class" a settlement, ususally a discount coupon so that you may buy more of their worthless stock at a discount. Would you like to buy more BEL at a 10% discount? Is that a deal or what? Meanwhile, the company mobsters don't get any jailtime, or suffer any real hurt. They'll probably get hired by the next company seeking a CEO to turn their company around . If worst come to worst, some Democrat can appoint them to the SEC. So you see, a class action suit is designed so that the lawyers can get a tithe off of what the company mobsters stole. The judge also needs his tithe, and that's why corporate mobsters say that "crime doesn't pay 100%, only 80% of the time." And that's how class action suits against company CEO's works in the USA.

Best of investing to you,

[Karel]

Hi NBB,

Yesterday I learned that I was aggressive, thanks to Spike, now I learn that I don't know how to rant! Quite an education.

Thanks for your insights.

Regards,

Karel

[stenzrob]

Re: Lawsuits

Here's how corporate lawsuits work in America.

New-born,
Apparently you weren't born yesterday.
Your description strikes me as being somewhat cynical.

regards ... stenz

[Websman]

Newborn....that sure was a lot of ....

[New-born baby]

Lawsuits

Greetings to all of you,

Karel,
That wasn't a rant; that was a Sunday School lesson.

Strenz,
Cynical? No. Experienced? Yes.

FACT: If you join the class action suit against BEL, you forfeit all rights to join any other suit against BEL. What if the lawyer does what is best for himself and not for you? You know, take a settlement of say, $10 million to stop the suit, and does nothing for your pocket? You are outaluck.

Question: Do you know the name of the lawyer? His phone number? Have you talked with the man at all? If not, how would you know that he has your best interest at heart (that is, if he had a heart?).

I am not telling you not to join the suit; I am telling you that it won't net you one thin dime. I am sorry that, at this juncture, you lost money on BEL. I hope the company turns it around for your sakes and for the sake of all the people out there who were misled. I did not invest in BEL myself.

The very best investing to all of you. I hope this never happens again to any of you, or anyone else,

[jiesen]

aaaaooooowwwwch

ok, we're down about 80% now on this. of course, having averaged down at 7 I'm down less % but more $. Dare I double down AGAIN?

no... not this time. I think I'll just lick my wounds here and read another friendly letter from the bloodsuckers asking me if I want to sue myself over a stock going down. freaking a-holes!

well, at least my XING is giving me a nice bounce today (after bleeding profusely the past month)

[mrmarket]

Re: aaaaooooowwwwch

ok, we're down about 80% now on this. of course, having averaged down at 7 I'm down less % but more $. Dare I double down AGAIN?

no... not this time. I think I'll just lick my wounds here and read another friendly letter from the bloodsuckers asking me if I want to sue myself over a stock going down. freaking a-holes!

well, at least my XING is giving me a nice bounce today (after bleeding profusely the past month)

There once was a stock named KCS.....

[jiesen]

yes

comebacks do happen- just take a look at XING over the past few years. I got in at 3, saw it go to 0.7 before coming back to 15.

patience is indeed key to success- that doesn't mean we can't bitch about our dogs once in a while!