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Wednesday, December 20, 2006 10:11:33 PM
Nobody has to disclose any information as to whether they are shareholders or not. By disclosing that information, couldn't that be constituted as stock manipulation? Especially if people are overstating or understating shares owned?
Perhaps they are simply being good samaritans and warning young and new investors to be wary and do their own due diligence. It may be a good thing to find the history of a company. Every investor has every right to know that this company once traded under a different symbol. That past is important and tells you exactly where the company started and what methods it has used to get to where it is now.
Due diligence means knowing the company from its inception to the close of the last day of business. Due diligence can help you determine where to apply your technical analysis. If indeed this is being diluted and you make a proof positive determination it is, then you want your buy when you think the dilution is done. If you believe otherwise, then you need proper knowledge to make your own conclusions.
Perhaps even, some folks just feel they have a moral or ethical duty to help their fellow man. There is nothing wrong with anyone giving fair perceptions.
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