I got the letter to IPO investors today from the people suing Red Hat, the underwriters and the senior management at the time.
Crapolla. You invested money in a company, and the stock crashed. Boo-hoo. Shit happens. But, in this wild & wacky world, if we loose money, we can always sue, and maybe get back the $9/share we’ve lost (IPO was $14, current is ~5.5, and Oh! I almost forgot – the split. So you really only lost, what, $2/share if you’ve held it since the IPO?)
Boo fucking hoo. Get over it guys. Yeah, things could have been done better, and I’m no fan of Goldman or e*Trade, but Bob, Matt & Marc didn’t have anything to do with that. Hell, Bob has apologized several times for the mistakes that were made. But I have faith in the company, and didn’t buy stock just to make a buck in the next six months.
So now you’ll sue, and probably bankrupt the company, and will it be their fault? Nope. Your greedy whiny asses will have. Just because all you really wanted was to make a buck, and not because you believe in what the company is doing.