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Friday, August 24, 2012 4:35:30 AM
"The practice of spreading false information about stocks, to drive down their prices, is called "short and distort." During the takeover of The Bear Stearns Companies by J.P. Morgan Chase in March 2008, reports swirled that shorts were spreading rumors to drive down Bear Stearns' share price." http://en.wikipedia.org/wiki/Securities_fraud
Sounds like they stole over a billion SGCP shares. They will never be able to compensate the company or shareholders for the lost time and opportunity, but I'd still like to see a real round-up of all the culprits in this case with appropriate jail time, fines, and a return of SGCP's money.
They have over 10 million in ill gotten gains to disgorge (plus interest), plus fancy cars and other high priced assets to be liquidated. Seems like we (SGCP) aught to get our share of it.
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