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  1. #1
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    Question WHO Has DEEP Pockets For Legal Action

    This issue of legal action is really a problem for me. I keep hearing taking legal action but yet no one has said how, this would happen. Please explain to me the process. I'm not trying to be diffcult here, but I come away each time with a sinking feeling. I wonder if anyone understands what would have to happen to even start the process. Let me once again give you a little insight. 1. You would need a Lawyer in this country who is a International Lawyer. 2. Once you have the lawyer in this country then he or she would establish communications with a lawyer in Malaysia who would be willing to take on the case. 3. Permission would have to be gain thru the Malaysia judicial system to enter into a suit against a resident or company of Malaysia.

    Okay lets say all this is accomplished 6 months to a year would have already passed. Now you may ask where and what is the next step or steps. Another invesigation would have to take place by your lawyers in order to present there case. To reach this point your cost has reached $50,000.00 to $100,000.00 these are guesses could be more not less before you even get a court date.

    Now lets just say its one year out from the time action was started all case work is complete and you have a court date. Theres motions and counter motions another 3 months to 6 months pass. Remember the lawyers are still on the clock and you are now for sake of conversation say its now 18 months from the time action was started. Monies have been spent now additional funds must come into play to keep the action going. I will stop at this point for the simple sake that nothing has been accomplished to get your money from PicPay or whatever it maybe. But your outlay has continued and will keep growing.

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  3. #2
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    Before you worry yourself with this, why don't you wait for the investigation to finish?

  4. #3
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    Exclamation

    please.

  5. #4
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    As I have pointed out, legal action at the last option. Please wait, observe then we will act decisively.

  6. #5
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    Quote Originally Posted by srair71
    To reach this point your cost has reached $50,000.00 to $100,000.00 these are guesses could be more not less before you even get a court date.
    There is one zero missing in these figures. You can do absolutely nothing with $50-100000.

  7. #6
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    I believe that srair71 was trying to very clearly explain the difficulties regarding taking legal action. I think he was demonstrating this in an effort to get people to start thinking about waiting rather than talking about taking legal action.

    treasurhunter1

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    Yes, that is what I think also.

    Let me rephrase: Absolutely nothing can be done with $50-100K.

  9. #8
    Rolclub's Forex Moderator Wacky's Avatar
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    Quote Originally Posted by treasurhunter1
    I believe that srair71 was trying to very clearly explain the difficulties regarding taking legal action. I think he was demonstrating this in an effort to get people to start thinking about waiting rather than talking about taking legal action.

    treasurhunter1
    Waiting is wiser but we live in a society that teaches instant gratification :(


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    Just curious! Anyone interested in decent, FREE forex intro lessons? ~PM me~
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    Last edited by Wacky; 15-02-2006 at 08:40 AM.

  10. #9
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    I couldn't agree more, Wacky. Carefully thought out plans, nursed patiently, generally achieve better results for all concerned. Further, to act on a situation without having a better understanding, i.e. more facts and information, will, in my opinion, lead to much bigger problems. I read the documentation from the GINS case and feel a bit more positive that PIPS should be okay. Give Bryan time.

    Regards,
    treasurhunter1

  11. #10
    Rolclub's Forex Moderator Wacky's Avatar
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    Looks like we're on the same wavelength.

    I'm glad to see that others see it in the same way I do.

    On of the best teachers I ever had the honour to have once told me: when there's a fire in a building most people don't die of burns or suffocation, but because they (or someothers) act out of panic.

    It doesn't take a genius to figure that we're experiencing a parallel situation

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    I feel inspired to teach!

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