InvestorsHub Logo
Followers 0
Posts 3630
Boards Moderated 0
Alias Born 05/27/2005

Re: high C post# 17567

Tuesday, 01/30/2007 2:26:33 PM

Tuesday, January 30, 2007 2:26:33 PM

Post# of 45771
"All I really stated was that the statement made at the SM was not considered illegal because everyone was invited to attend."

First, that is false. Only shareholders were allowed to attend.

Second, even if (for argument) the meeting was open to the general public that fact is irrelevant, as the legal test under securities law is not whether a statement was made in a public forum or not, the test is whether the company had in fact widely disseminated the material insider information to the general investing public - and it is well-settled law that it requires a PR on a major newswire and typically also an 8-K filed in order to provide adequate dissemination of the material inside information.

Hairy, it's not even a close call - it is a textbook case of selective disclosure and insider tipping.

You are really off the tracks more than usual today, Hairy. Your posts are even more difficult to follow than usual.

Are you feeling OK, healthwise?






Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.