I foresee the Granddaddy of all CLASS ACTION LAWSUITS coming against Quad Indicted…

…over his multitude of SEC violations stemming from his public offering of his [[b]failing[/b]] Truth Social.

Given the civil trial he’s [i]attempting to appeal—but hasn’t meant the bond requirement [/i]—and his steadily sinking pump and dump, imagine if he faced a colossal class action lawsuit over this fiasco.

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KunsanVeteran · 61-69, M

Just think about this—Quad Indicted picked [i]Delaware[/i] to go public in—that’s perhaps the state with the strongest protections for these types of lawsuits.

The more his stock plummets, the greater the financial damage to QI. His attempts to mitigate his liability & damages thus far amount to securities fraud.

His financial situation deteriorates by the hour with no change in sight and what does he try to do? Dilute the value of the shares even further. He already faces litigation over this, his latest fraud.

Give it a week or two and the class action lawsuits will be rolling in!

Delaware lawyers get ready there’s a gravy train a comin’—no ticket needed, just climb aboard!

MistyCee

@KunsanVeteran Maybe, but it got harder with last week's SCOTUS decision.

I hate to be a nay sayer, but Delaware is also probably the most corporate friendly state, and this whole scheme seemed pretty obvious.

whowasthatmaskedman · 70-79, M

Dont get ahead of yourself here. While trump certainly deserves everything coming to him, the fact is the US system is weighted in favour of the wealthy and has been corrupted by money for over a century now. There has been a systematic campaign by money to dumb down (through lousy education) and brainwash (through the media) the general population into believing what they have is desirable and as good as it gets and that in the words of Gordon Gekko. "Greed is good" And they buy it. Trumps only crime is to overdo it, both in criminal actions and in displaying how its done to the point where the law had to take notice..
Its the system that allowed Trump that is at fault, as it was at fault for the Bushs and the Clintons and those before that. They say more talks and in America it whispers in the easrs of people in the senate, congress and the Supreme court. Do we have to look further than Clarence thomas and how nothing he did will have consequences??
Like I said, dont expect too many for Trump. It sets a bad precedent for others who did the same thing, but werer smart enough not to get caught..😷

LeopoldBloom · M

That may be difficult as there is an inherent risk to stock investing. There isn’t a pump and dump scheme or any other obvious fraud. The company’s abysmal performance is well known.

KunsanVeteran · 61-69, M

@LeopoldBloom Of course there is risk! Everyone knows that. But QI has been committing securities fraud since even before this went public. That was his only game plan because he needed cash and he can’t borrow.

It was a pump and dump since day one. Just another business failure and crime by th Apricot Antichrist.

MistyCee

Ehh. I'm sure there will be plenty of litigation, but the risks were disclosed and I doubt rank and file MAGA investors will ever see a penny.

KunsanVeteran · 61-69, M

@MistyCee They won’t see much (but their lawyers sure will!), but for QI it will heap hot coals on his head as he faces his ever growing legal woes and penalties…

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