Whether it was "I was told" or "I found out" or "I came across this information"... the source is not cited so other investors cannot properly evaluate the statement.
If he were to say... "While on the phone with the SEC, I was told that Dave Williams is under investigation for insider trading"... we'd all know that he was blowing smoke in our faces because the SEC has a policy against this kind of thing.
See what I'm getting at.
It may be true, but considering that a good percentage of HOTs comments in the past were partially true or missing some other important fact that changes the meaning of what he is saying, it is difficult to evaluate.
It's like the boy who cried wolf.
I think it is quite likely that the SEC is investigating all of the directors for fraud, insider trading, misleading filings, misrepresenting material events to shareholders, fraudulent reporting and the list goes on and on. One of those possible reasons may be that Dave is also being investigated for insider trading. Or it could just be made up. Without a source - who knows.
