InvestorsHub Logo
Followers 0
Posts 762
Boards Moderated 0
Alias Born 01/06/2003

Re: mschere post# 25299

Wednesday, 05/14/2003 11:40:04 AM

Wednesday, May 14, 2003 11:40:04 AM

Post# of 432659
Mschere, you are right, we do not know if fraud was involved in today's release or not. But we never know whether fraud is involved. Do you have evidence that it is? Why are you suspicious?

I would be more concerned that any potential fraud was instigated on managements behalf, the backlash effect. It's pretty obvious that management has a vested interest in insuring the extra options are approved and, so far, it appears to me this mornings press release has had the effect of changing more "no" votes to "yes" votes than vice a versa. That is in managements favor. Why do you assume the release was orchestrated by shorts? It's obvious such a release would have little impact on share prices but if it could convert more "no" votes to "yes" votes, that might be able to explain the effort that obviously went into this release.

Personally, I think the most likely explanation is the release is exactly what it purports to be, an effort to stop management from stealing away the company, bit by bit. I don't know why so many were so offended.

Once

The best way to convince a fool that he is wrong is to let him have his own way.

~ ~ ~ Josh Billings

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent IDCC News