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Re: sunspotter post# 70358

Wednesday, 08/25/2010 8:52:35 AM

Wednesday, August 25, 2010 8:52:35 AM

Post# of 103308
As you say Sun time will tell.

However I suggest you need to be careful not to let your cynicism and proclaimed MO- uncovering stock scams- to get the better of you in this case.

If a company sells an asset- in this case LLEG's 37.5% interest in Berlin then those assets properly belong to the shareholders and in 99%+ of cases that is exactly what happens. In the odd case their is financial manouvering of a questionable type that deprives the shareholders of their rightful benefit. It should not be necessary for a company to tell shareholders that the benefit of an asset sale will flow to them- that is the natural presumption, in much the same way as if you buy a mutual fund you reasonably expect any increaes in value to belong to you.

I agree with you that in general corporate morals seem to have declined in recent times. All I'd say to you is don't assume every asset sale by every company is tainted with chicanery.The vast majority aren't- it is just the very few that get publicity.

Sage.
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