InvestorsHub Logo
Followers 3
Posts 1529
Boards Moderated 0
Alias Born 07/15/2006

Re: iwfal post# 4497

Sunday, 07/08/2007 7:27:09 PM

Sunday, July 08, 2007 7:27:09 PM

Post# of 12660
Like you, I am not participating in the law suit because they rarely amount to much of a benefit to shareholders; they are designed to enrich the lawyers; and I personally made a lot of money on the DNDN swings, so I can not complain much from a financial viewpoint, although I would have made a lot more had I known about the 483 as I would not have held to much of my stock position through May 9.

However, I agree with Sam that the CEO and other board members selling shares on that knowledge while keeping the 483 issues secret from the rest of us was a despicable act that warrants a law suit. I am not sure how far the law suit will go but I am glad it is taking place because executives need to know that deceitful actions should not proceed without punishment
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.