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Alias Born | 06/03/2008 |
Tuesday, June 09, 2020 10:35:55 AM
Hate to say it, but if so, this move is a VERY clever one! (he is most clever when trapped in the corner like this).
You'd be right about DECN not filing the rebuttal to the SEC (looking more and more as the case), as strange as that seemed to me. But, instead of attempting to file an extension, after the deadline, as you mentioned, he had done in the past, this instead, was a stroke of genius, as far as fooling shareholders, really!
The idea of putting his rebuttal in a shareholder letter instead in an SEC filing makes perfect sense! Why? There will be no formal SEC legal response filed, since the shareholder letter "was written by shareholders", not the company as far as the signatures on it!
That is genius! He gets to throw logs on the "world is against us while we try to hard to save the country" paranoia fire, that feeds his deep in the red investors, and keeps this fiction going!
If this were filed with the SEC, the SEC rebuttal would rip this shareholder letter to shreds! But, now, shareholders will never see the SEC response, because they like have no desire or need to respond.
Berman is a total idiot, running a non business business, that benefits him, solely. But, in this case, he came up with something amazingly good.
Curious as well to get your take on the writing style of the letter, since you seem to also be a fan of his writing "style". I can't be the only one who sees that most of this is pure Berman style, agree?
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