AimRite Holdings Corp (AIMH)

[satelliteguy]

Hmmm. I believe I know who it was, too. The release is just a series of statements about what the company plans to do, and the author probably honestly believes them to be true. I wonder if he thinks that he doesn't have any potential legal liability because he carefully avoided any explicit representation that the company itself was the source of the release. However, it is clearly still a willful attempt to induce the purchase of stock by creating a false impression, so it's probably securities fraud.

Even after the revision, the release is still riddled with sloppy errors, but that casual legal judgment could prove to have been the biggest error of all. I wonder if he thought he was safe because a legal secretary helped him write it.

I hope for his sake that he didn't sell any shares into the pop, because that might be decisive in making this actionable. I doubt that he did.