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Re: itlogic post# 2905

Wednesday, 08/05/2009 10:24:25 AM

Wednesday, August 05, 2009 10:24:25 AM

Post# of 3071
I can't see much benefit to JED to keep the price down aside from gaining control if it gets so low that their debentures convert to a majority. Skins management would certainly not be a participant in that game not only because it would hurt them, but because any sort of planned manipulation (like withholding important information to get people to sell) would be outright illegal, to say nothing of the civil suits I would expect investors in the company to bring once it became apparent what had happened. Even JED on their own risks suits and charges of illegal manipulation if they do anything to actively raise or lower the price.
The cost of filing is minimal and many OTC companies file late just because they can. I think the major reason to move from BB to PK is to avoid having to provide information to shareholders on the SEC's schedule.

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