Reminder Of The Deadline: 12/01/08 For The Class Action Lawsuit On Behalf Of Certain Cano Petroleum, Inc. (AMEX:CFW) Investors
Last Update In The Shareholder Class Action Lawsuit Against Cano Petroleum, Inc. (AMEX: CFW) Over Allegedly Untrue Statements In Connection With Its Secondary Public Offering +++ Go To -> www.ShareholdersFoundation & Never Miss A Deadline +++
A deadline is coming up in the shareholder lawsuit against Cano Petroleum, Inc. over allegedly untrue statements in connection with its Secondary Public Offering. The deadline will expire on December 01, 2008.
If you purchased common stock from the date of the Company’s registration statement and prospectus filed with the SEC in connection with Cano’s June 26, 2008 secondary public offering, you have certain options and there are strict and short deadlines running (Deadline December 1,2008). Current shareholder of Cano Petroleum, Inc. (AMEX: CFW) and/ or shareholders that purchased common stock from the date of the Company’s registration statement and prospectus filed with the SEC in connection with Cano’s June 26, 2008 you should immediately contact the Shareholders Foundation, Inc.!
On Thursday, October 2, 2008, a shareholder of Cano Petroleum, Inc (AMEX: CFW) has filed a proposed class action lawsuit on behalf of securities purchasers of common stock from the date of the Company’s registration statement and prospectus filed with the SEC in connection with Cano’s June 26, 2008 secondary public offering in the United States District Court for the Southern District of New York against Cano Petroleum, Inc. over allegedly untrue statements in connection with its Secondary Public Offering. According to the complaint the plaintiff alleges violations of federal securities laws, Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5. The stockholder alleges that the Company issued a series of false and material misrepresentations in its registration statement and prospectus filed with the SEC in connection with its Secondary Public Offering on June 26, 2008. Specifically the plaintiff alleges that the registration statement and prospectus filed with the SEC for the Cano Petroleum, Inc shares issued in the Secondary Offering contained untrue statements of material facts, was inaccurate and misleading, omitted to state other facts necessary to make the statements made not misleading, and concealed and failed adequately to disclose material facts. The Prospectus contained statements concerning proved reserve amounts and standards that were materially false and overstated Cano Petroleum, Inc.’s proved reserves.
If you purchased common stock from the date of the Company’s registration statement and prospectus filed with the SEC in connection with Cano’s June 26, 2008 secondary public offering, you have certain options and there are strict and short deadlines running (Deadline December 1,2008). Current shareholder of Cano Petroleum, Inc. (AMEX:CFW) and/ or shareholders that purchased common stock from the date of the Company’s registration statement and prospectus filed with the SEC in connection with Cano’s June 26, 2008 you should immediately contact the Shareholders Foundation, Inc.!
Shareholders Foundation, Inc.
Allen Trevor
3111 Camino Del Rio North - Suite 423 -
92108 San Diego
Tel:+1-(858)-779-1554
Fax:+1-(858)-605-5739 Mail@ShareholdersFoundation.com www.ShareholdersFoundation.com
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