I used to use those same arguments, but fraudsters are arrested every month. In the penny’s fraud if more frequent and more elusive as the records are very unkempt, Safe harbor protection saves them from forward looking statements no matter how ridiculous they are.
Now I’m not saying Richie is any of the negative, evil things I’ve suggested as possibilities. They are just possibilities afterall, not facts. But these things do get perpetrated on shareholders, especially by Pinkie CEOs all the time. Yet arrest are infrequent, convictions even less.
My Mantra has been the same from the beginning (March I think), don’t accept what a Pinkie CEO or an anonymous poster says at face value. Seek third party verification, remain open to listen to all sides, and don’t listen to and buy what the CEO says, as much as watch and evaluate what he does. Trade Pinks until his words and actions line up, then go long.
Ignore these rules and give away your money. I learned that the hard way. Some here will learn the same way. Don’t be among them.
"A man sees in the world what he carries in his heart" ** Johann Wolfgang Von Goethe
"Never does a man portray his own character more vividly, than in his manner of portraying another" -- Richter