infinity10 opened this issue on Jun 27, 2011 · 19 posts
infinity10 posted Mon, 27 June 2011 at 10:46 PM
http://www.investorcalendar.com/includes/PRNPressRelease.asp?ID=1978196
Oh dear, but not directly related to Poser software.
Eternal Hobbyist
icprncss2 posted Mon, 27 June 2011 at 11:12 PM
The firm refered to as the investigators are a Limited Liabilty Corp aka a private entity. Until an agency like the SEC gets involved, I'm not going to worry too much.
CyberDream posted Mon, 27 June 2011 at 11:16 PM
It's not even a real investigation. This is one of a number of law firms that try to stir up class action suits for the big fat fee they get.
Investigations by bonafide regulatory agencies are handled differently.
infinity10 posted Mon, 27 June 2011 at 11:17 PM
Thanks. Some shareholders may be disgruntled and could have been the ones who appointed these professionals to look into the case.
But even so, it does mean the Smith micro, as a public company, will need to file the info for the larger shareholder base ?
Anyway, Poser-ing as usual.
Eternal Hobbyist
CyberDream posted Mon, 27 June 2011 at 11:27 PM
Attached Link: SM Edgar Link
All of Smith Micros required filings are available at the above link. The SEC's Edgar database has info on all public companies
The "news" you posted has a disclaimer at the bottom saying that it is a paid promtional communication.
kawecki posted Mon, 27 June 2011 at 11:50 PM
Iran has acquired the secret high technology of making nude Vickies in a temple with a sword.
Poser physics allows terrorists to turn a simple object into a powerful bomb and also can make humans explode.
North Korea received several MKIV nuclear bomb props and secret lasers.
Colonel Kadafi acquired the aecret knowledge of vanishing libraries.
Bin Laden continue to be alive and has several instances.
RTE encoder can be used by terrorists organization to hide their messages.
Aliens do exist.
And dinosaurs too !
Stupidity also evolves!
LaurieA posted Tue, 28 June 2011 at 7:18 AM
You forgot the vampires.
Laurie
Sa_raneth posted Tue, 28 June 2011 at 9:24 AM
and Dragons
kawecki posted Tue, 28 June 2011 at 9:42 AM
And all the perversion
Stupidity also evolves!
Nance posted Sat, 02 July 2011 at 12:02 AM
Another half-dozen law firms have now filed suit, or announced investigations this week, apparently to meet the deadline for the court to name the "lead plaintiff" in a combined class action lawsuit.
SmithMicro news page at Yahoo-Finance:
http://finance.yahoo.com/q/h?s=SMSI
CyberDream posted Sat, 02 July 2011 at 1:00 AM
Quote - Another half-dozen law firms have now filed suit, or announced investigations this week, apparently to meet the deadline for the court to name the "lead plaintiff" in a combined class action lawsuit.
It's also worth noting that all those releases have the "Attorney Advertising" disclaimer. I won't go into the merits of MarketWire or BusinessWire, but let's just say that they lack the funding sources of tradtional media outlets, so many of their stories are placed on a "for pay" basis.
SteveJax posted Sat, 02 July 2011 at 1:54 AM
Vicky has filed for Divorce from Mike citing irreconcilable differences! He's done too much gay porn! 
kawecki posted Sat, 02 July 2011 at 2:22 AM
What?, Mike turned gay ?
Stupidity also evolves!
Nance posted Sat, 02 July 2011 at 3:06 AM
Yes, these are press releases which are generally done under the restrictive policies to which lawyers must adhere in regard to advertising. A somewhat more upscale version of TV's screaming "HAVE YOU BEEN HURT IN AN ACCIDENT!" commercials, if you will -- the press-releases being just one method of reaching potential plaintiffs in the class without directly soliciting them.
None the less, the suits are real, and, if only from the number of firms filing, they appear to have some merit, hence newsworthy here I presumed.
mrsparky posted Sat, 02 July 2011 at 6:10 AM
What?, Mike turned gay ?
He shacked up with David and they adopted the mil kids :)
Going back OT, I wonder why anyone would want to infer SM is in some kinda trouble ,when as the posters above state this is the equivilant of company ambulance chasing.
I don't mean the OP personally, but as long as I've been in poserdom, theres always been a constant "bash the app" and "critique the makers" theme.
We never seem to actually celebrate what Poser, and all the talented people who use it, can do with it.
drifterlee posted Sat, 02 July 2011 at 2:00 PM
Some Republican rightist complained about all the nudity in Poser.
LaurieA posted Sat, 02 July 2011 at 2:03 PM
CyberDream posted Sat, 02 July 2011 at 2:19 PM
Quote - None the less, the suits are real, and, if only from the number of firms filing, they appear to have some merit, hence newsworthy here I presumed.
Not to be beating a dead horse....
Anybody with the fee can file a lawsuit, that doesn't make them "real" only filed.
Also, consider the timing. Most of these entities are LLC's, LLP's, etc. The majority of these have a June 30 fiscal year end. It appears to be more like "window dressing", just trying to file a few more so they are booked the current fiscal year. The same as fund managers buy and sell stocks on the last of fiscal year (or quarter, in some cases).
R_Hatch posted Sun, 03 July 2011 at 9:29 PM
A quick Google search of the law firm's name reveals that this is all they do.