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Re: Buckey post# 12888

Thursday, 02/25/2010 8:00:32 PM

Thursday, February 25, 2010 8:00:32 PM

Post# of 28329
The SEC recognizes "company sponsored forums" as a place company officials may discuss their crap.

iHub, YahooFlaymance and RagingTool are not "company sponsored" nor will they ever be.

Factbook and Twister MIGHT meet the criteria -- nobody has brought a case yet to test them.

The problem is - these company-sponsored fora have to be OPEN for all to READ (the law says nothing about allowing others to comment, filtering or censoring annoying comments, etc). And you know that slope would be far too slippery -- eliminate all comments but the TRUE LONGS and you can say and do what you want, THEORETICALLY.

There are a few listed stock company officials that are testing out Twister. One did it over the objection of his legal department, so I read.

This is still new ground.

Whoever does it, I hope they have a legal slush fund in reserve to handle the lawsuits.

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