Barnstormer,
Are you suggesting that if we have tremendous success we could still have suits from shareholders who sold out with losses. I don't think so, but there are attorneys that will try suing for practically anything, so I won't deny the possibility.
Thing is, you really never know when a nonsense payment will be paid rather than fighting a case in court.
I can understand people having to sell out of the need for funds, I've been there myself in other companies. I'd never consider suing those companies for taking too long to become successful, it that were the case, most went belly up.
I frankly hate what SEC rules have done with financial reports. Before all the warnings on the hazards of being a stock investor had to be included in Annual Reports they were a pleasure to look through. A company could describe where they were, their success to date and where they were going. Today if you really look at them you have to wonder if they'll be going belly up this year, or they'll make it till next. With all the cautions it's amazing that any of us invest. About the only thing I hate more are drug commercials that spent most of their time on the hazards of taking the drug.
If the SEC or FDA were involved in the sale of cars, bikes, etc. can you imagine all the hazards they'd document in the manuals. How about places like subways, shouldn't there be all sorts of cautions about rats spreading disease, ever look around the tracks, they're everywhere. My point is, do we really need to be told about all the cautions of investing, or living our lives for that matter.
Gary
AI
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