Tuesday, March 08, 2011 7:51:57 PM
How can you say such a thing after the history of this company and its current trend post RS????
If ARTS does not owe its investors a return on their investment (eventually - i still argue this POS is not a start up company) or at least stability, then that would fly in the face of trading anywhere on the market. If this were true, why would anyone want to trade in the open market if they knew there was no upside.
No one... NO ONE lends anyone money for free. That is business.
I get it... investing into companies is always a risk. While I agree any company does not have "direct" control over an investor's actions, it does have control over its business plan/execution of promises and a fiduciary duty to protect the investment made by traders.
I can point out various points within this definition of fiduciary duty where ARTS and EV has fallen flat on their faces.
"An individual in whom another has placed the utmost trust and confidence to manage and protect property or money. The relationship wherein one person has an obligation to act for another's benefit.
A fiduciary relationship encompasses the idea of faith and confidence and is generally established only when the confidence given by one person is actually accepted by the other person. Mere respect for another individual's judgment or general trust in his or her character is ordinarily insufficient for the creation of a fiduciary relationship. The duties of a fiduciary include loyalty and reasonable care of the assets within custody. All of the fiduciary's actions are performed for the advantage of the beneficiary."
If ARTS does not owe its investors a return on their investment (eventually - i still argue this POS is not a start up company) or at least stability, then that would fly in the face of trading anywhere on the market. If this were true, why would anyone want to trade in the open market if they knew there was no upside.
No one... NO ONE lends anyone money for free. That is business.
I get it... investing into companies is always a risk. While I agree any company does not have "direct" control over an investor's actions, it does have control over its business plan/execution of promises and a fiduciary duty to protect the investment made by traders.
I can point out various points within this definition of fiduciary duty where ARTS and EV has fallen flat on their faces.
"An individual in whom another has placed the utmost trust and confidence to manage and protect property or money. The relationship wherein one person has an obligation to act for another's benefit.
A fiduciary relationship encompasses the idea of faith and confidence and is generally established only when the confidence given by one person is actually accepted by the other person. Mere respect for another individual's judgment or general trust in his or her character is ordinarily insufficient for the creation of a fiduciary relationship. The duties of a fiduciary include loyalty and reasonable care of the assets within custody. All of the fiduciary's actions are performed for the advantage of the beneficiary."
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