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Re: JoshTaeger post# 107570

Tuesday, 06/20/2023 8:05:50 AM

Tuesday, June 20, 2023 8:05:50 AM

Post# of 113443
Actually, that's exactly right.

"because most publicly available information is reflected in market price, an investor's reliance on any public material misrepresentations may be presumed for purposes of a Rule 10b-5 action.”

Shall I define misrepresentation for you? I will because we all know you'll argue the sky is green if you can. Misrepresentation: "an intentionally or sometimes negligently false representation made verbally, by conduct, or sometimes by nondisclosure or concealment and often for the purpose of deceiving, defrauding, or causing another to rely on it detrimentally also."

Based on the english words above, if the information is publicly available, i.e. I could ascertain the truth of the matter with court filings, then anyone could know about it. Thus, it can't be a misrepresentation. Sometimes the information is not just spoon fed, one must know other things to create a mosaic of reality.
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