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Saturday, October 04, 2014 12:10:25 PM
Yep, that's what we shareholders want and now finally we seem to be on the first leg of that journey.
Should I believe JR or the SEC? Well, everyone (and that includes me) that has a reported dealing with JR comes away with the same take - a solid ethical businessman.
On the other hand, The SEC , imo, is one of many government regulators that responds to criticism by always the same mantra, "give us more people and more money" and has over time become as a result, a bloated, hard to manage mess....they have a history of corruption, coverup and incompetence (see Bernie Madoff and LP** for 2 prime examples - there are many more). How does this all start? Well, the SEC, with its law-intensive work attracts people from Wall Street who later jump right back into the private sector, often with lucrative assignments and this revolving door contributes greatly to the cozy relationships with Wall Street (or to put it another way, the regulators are in many cases in bed with the people they regulate).
So, in conclusion, I believe JR is in the right here.....BUT, it remains to be seen if he (possibly with an assist from we shareholders) can prevail.....my money is on JR (as all shareholders really have little choice), but I don't underestimate the extent that the SEC will go to cover their tushies (again, see LP**). KMAG
Everything stated is my opinion only. Do not buy or sell based on anything I may opine in my post(s).
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