Thursday, November 16, 2006 7:07:01 PM
gdb81, I agree with you, and why would a CEO give a crap about "flippers" or how they trade? His job is to run the company and his results will take care of most problems. imho
Also, I hesitate to get into this because I am old and tired and fighting the flu symptoms...from my flu shot yesterday, but several years ago I was involved with a scam stock, JAWS, out of Wace , Texas. What I learned from the SEC while sitting in the prosecutors office ,with several shareholders, in Ft Worth . Texas, was these PK's can say just about anything to lure the innocent marks by putting out PR's and little can be done, but when they file with the SEC then that gives the SEC what they need to come down on them if the filings are fraudulent. That is what happened with JAWS after the CEO filed against his lawyers advice...an arrogant SOB Colin Smith was and he paid by being sentenced to the Fed pen. This is a very short version of what happened and many fortunes were lost, including most my life savings.
jig
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"Spicemike, no matter how you slice it this isn't good news.
Either he doesn't have the AF, or he does and there's a reason he's not releasing it. That reason is limited to only a few possibilities, an unfavorable audit opinion, disappointing numbers (remember Petar disowned those unaudited financials that everyone fell in love with), etc.
Messing with flippers is not one of the possibilities.
Also, I hesitate to get into this because I am old and tired and fighting the flu symptoms...from my flu shot yesterday, but several years ago I was involved with a scam stock, JAWS, out of Wace , Texas. What I learned from the SEC while sitting in the prosecutors office ,with several shareholders, in Ft Worth . Texas, was these PK's can say just about anything to lure the innocent marks by putting out PR's and little can be done, but when they file with the SEC then that gives the SEC what they need to come down on them if the filings are fraudulent. That is what happened with JAWS after the CEO filed against his lawyers advice...an arrogant SOB Colin Smith was and he paid by being sentenced to the Fed pen. This is a very short version of what happened and many fortunes were lost, including most my life savings.
jig
------------------------------------------
"Spicemike, no matter how you slice it this isn't good news.
Either he doesn't have the AF, or he does and there's a reason he's not releasing it. That reason is limited to only a few possibilities, an unfavorable audit opinion, disappointing numbers (remember Petar disowned those unaudited financials that everyone fell in love with), etc.
Messing with flippers is not one of the possibilities.
