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Re: None

Tuesday, 04/20/2010 1:19:56 PM

Tuesday, April 20, 2010 1:19:56 PM

Post# of 13354
First of all, there really is no such term as "due diligence gag" per se, and while your explanation is certainly clear, I had never heard the term in 40+ years of investment banking, so I checked through Investopedia and InvestorWords and learned that no, it really doesn't exist.

An agreement not to discuss anything going on with a merger or acquisition is readily understandable (as is a pre-offering quiet period), and extremely commonplace as you indicated.

Both kkgd and myself, by sheer coincidence are familiar with a "little gem" of a triple zero fiasco named RVGD (Revenge Designs), who's CEO has grossly mischaracterized virtually each and every occurrance that has come along the past several years, from breaking ground on a new building that didn't ever exist, to "announcing" an $80,000,000 non-existent contract to hyping a chain of radical "new" 110mpg engine installation centers to just about anything you might imagine, and it's gone on ad naseum for literally years now.

Yes, it can be worse, much much worse!